BUY to COCA-COLA CO DailyHey traders, COCA-COLA CO is in a fake downtrend with an aborted buyer's attempt and a low volume of buy issued. Looking at the TIMEFRAME 1M we can see a dragon bull which made a striking effect on the VWAP. Strong potential to take off from the support line to make up for pre-session losses. The median will be broken with the buying force big resistance to pass before closing the bearish gap. To go to the recent last collapse which corresponds to a major resistance. And reach the level above which is a symbolic number 51.50 (See TIMEFRAME M15).
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4KO trade ideas
Our Stock of the Day / Coca-Cola Two days ago, we posted a long setup on KO. You can check it on related ideas. Now we have a short setup pending on KO as well.
Which is the logic of this?
a) Currently, we are in a relevant area; the price can be seen as long or short, depending on how it will evolve in the short term. The idea we have is using a system that can provide us with quick adaptation in any direction the price can takes
b) Now, the price is below the resistance zone and is making a pullback on the broken ascending trendline. These two items provide us with a solid setup in case the price breaks below "B" of the corrective pattern (Entry Level). IF that happens, we will open short positions, and we will move our stop to break even on the yellow line. The risk-reward Ratio we have on this setup is 2.1
c) The risk we will take is 1% of our Capital
d) IF the price keeps going up, we will cancel our short setup, and we will open long positions on the green line (check the previous idea)
e) IF the price executes our short setup, we will cancel our long setup.
Remember: Trade safe, protect your capital, always understand what you are doing!
Our Stock of the Day / Coca-Cola Explanation of the chart:
a) The price has broken a clear range
b) Currently, the price is moving sideways on the edge of it
c) That sideways movement can be identified as a flag pattern
d) From a Technical Perspective, we expect a bullish movement with the extension of the broken range at least (On that level, we have a resistance zone). There, we will move our stop to break-even
e) Our final Risk Reward Ration on this trade is 2.06 / We have set our pending orders in the same way you can see on the chart. We will cancel the setup if the price makes new local lows.
Trade Safe, protect your capital, and always understand the investments you are making.
KO Long, Demand ZoneWedge breakout, retest trendline
Demand Zone
Entry: 48
Stop: 47;
Target1: 52; reward:risk=4:1
Target2: 57; reward:risk=9:1
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
KO to $54+$KO continues to be bullish and establish its ascending triangle pattern. A breakout may occur at $50, and have a gradual climb to $54.
The 10-day exponential moving average may pass the 50-day, indicating a strong bullish trend. It may be a good idea to wait and watch for a strong buy with solid volume before entering a trade.
Disclaimer: This is not professional trading advice.
Short KO Coca ColaHey all,
Ill be shorting this it just retested resistance and looks like it failed to pass it.
Thats why i place my stop so close. If you want to be safe place the stop a bit further away,
As a target ill be loking at the daily support and weekly below that.
Another nice risk/reward setup.
Ill keep you posted on this.
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If it is helping you, please leave a like and a comment.⠀
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This information is not a Recommendation. It is purely for Educational Purposes.⠀
⚠ Keep in mind this is just a prediction, i might go in on this trade but stick to your own strategy and method.
COCA COLA - Long EntryHello dear Stock Traders
Another day and another DOW30 stock analysis, this time we will take a look at Coca Cola. NYSE:KO
I had a hard time counting the elliot wave formations which showed up after the March Drop, Coca Cola had a very heavy correction.
Since the bottom we formed a 1-2-1-2 Pattern , a solid foundation for a healthy uptrend.
This 1-2-1-2 also traded a long time in a triangle, further the price suceeded in breaking out of it.
I am expecting a solid uptrend from here, however the risk in this trade shouldn't be forgotten also.
1# Long
Long at: 50.29$
Profit Targets: 65$, Longterm 70$-80$
Stop-Loss: 46.86$