We're identifying a potential long setup on Coca-Cola's weekly chart. The price is moving towards a key buy zone near the 0.618 - 0.786 Fibonacci retracement levels, a strong area of historical support.
This setup indicates a favorable risk-to-reward ratio for a bullish rebound.
Trade Details:
- Entry (Buy Zone): $59.88
- Stop-loss: $57.15
Targets:
- Target 1: $65.12 (0.382 retracement)
- Target 2: $78.82 (0.236 retracement)
Analysis:
The confluence of Fibonacci levels within the buy zone enhances the probability of a reversal. Monitor price action closely as it approaches this zone.
This is a swing trade setup with a medium to long-term timeframe.
This setup indicates a favorable risk-to-reward ratio for a bullish rebound.
Trade Details:
- Entry (Buy Zone): $59.88
- Stop-loss: $57.15
Targets:
- Target 1: $65.12 (0.382 retracement)
- Target 2: $78.82 (0.236 retracement)
Analysis:
The confluence of Fibonacci levels within the buy zone enhances the probability of a reversal. Monitor price action closely as it approaches this zone.
This is a swing trade setup with a medium to long-term timeframe.
@ TheStockWhale on Twitter / X
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
@ TheStockWhale on Twitter / X
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.