KO EARNINGS CHART - SUGAR DRINKS
Updated
Potential to see a decent sized exit pump.
I would play it like this.
IF earnings brings us down to like 43, BUY.
IF earnings brings us up to 57-63, SELL.
There are only two really short term trends I could find, they both trend down. The rejection trend is quite strong, I expect this stock, if it tops out, to top out around 71. But it's hard to say at this exact moment. Tomorrow we will know more.
Be aware, there isn't much more room to the upside, but KO is a slow moving stock, so it could be a long way out. Long term projection is still bullish.
There is support at 52-50, and you could see a movement from that number. I'd expect the biggest movement to occur, should earnings take us really negative. I would start to favor the topside.
I would play it like this.
IF earnings brings us down to like 43, BUY.
IF earnings brings us up to 57-63, SELL.
There are only two really short term trends I could find, they both trend down. The rejection trend is quite strong, I expect this stock, if it tops out, to top out around 71. But it's hard to say at this exact moment. Tomorrow we will know more.
Be aware, there isn't much more room to the upside, but KO is a slow moving stock, so it could be a long way out. Long term projection is still bullish.
There is support at 52-50, and you could see a movement from that number. I'd expect the biggest movement to occur, should earnings take us really negative. I would start to favor the topside.
Note
We reached the bullish trade target, and should start to look for a short entry or realize profits.Note
Price targets are still somewhat close although you might want an updated chart.
I'm a big fan of cocacola long term, such a good drink. I'm a person who can definitely drink pepsi, but I can't say that given a choice, I'm cocacola regular as my #1 choice.
When I look at it like that, long term. How can you hate it and not see value at some price target even if it should drop.
Short term traders following this chart are probably following the trend which could be out of date which means there may be shorter term trends not spotted on this chart that would mean a move is possible especially given the nature of earnings stocks.
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