Prepare for KO Breakout
KO is forming a Bullish ascending triangle, with a breakout set to occur at $50.
If KO breaks the $50 resistance, we can expect a climb to $52.
10-Day EMA has crossed and remained above the 50-Day EMA, indicating a short term bullish pattern.
If KO breaks the $50 resistance, we can expect a climb to $52.
10-Day EMA has crossed and remained above the 50-Day EMA, indicating a short term bullish pattern.
Note
Prepare for profit, hopefully KO can finish the day above $50 to verify trend.Trade active
Note
9/18 $50.5 C ($0.81 avg cost)Trade closed manually
Secured Profit (+36% Profit)Trade active
9/25 $51 C ($0.55 avg cost)KO continues on its bullish run. Forming nice support around the $50 mark and has solid room to grow.
TP1: $52
TP2: $58.8
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