KO - The start of a bullish move?* Remember to support with LIKE and FOLLOW me for more analysis *
KO respected the previous top as a support (yellow line), and yesterday did a nice bullish sign. If it goes up to U$ 49.73 (blue line) and breakout, will trigger a pivot that could take KO to U$ 59 in an optimistic scenario.
Now it is in a very delicate moment. Today’s candle is clearly bearish but has low volume. If we look at the hourly chart, we can have more clues:
KO did a double bottom pattern (maybe an Adam & Eve?), and now is doing a nice pullback (after all, Adam & Eve patterns has 67% pullback rate).
Now there’s 2 supports zones. The first one is the 21 ema and the black line (top of the peak between the bottoms). The second is the bottom of the pattern. If the price breakdown that zones, it could sink down to U$ 41.80.
Watch out for KO, and be safe.
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Coca
"Coca-Cola: two paths possible" by ThinkingAntsOk4H Chart Explanation:
- Price is on the Weekly Ascending Trendline.
- It tried to break it, but could not do it.
- Now, we have to possible paths: 1) bounce from here and start a new up move; 2) break the Support Zone to start a new down impulse.
- We are waiting for setups on lower timeframes to take trades on this instrument.
Weekly Vision:
Daily Vision:
Updates coming soon!
Coca-Cola: Is It the Right Time to Buy?The market dropped a lot, and now we have a possible reversal signal. The price reached SMA200, and we got a reversal candlestick pattern.
RSI is going to confirm the price reversal.
If the price can stay above the low of the signal candle, it is possible to search for buy signals using the daily and hourly charts.
Stop orders must be placed below 52.00 support and the local swing low. The main profit target should be 50% of the previous downward movement - it is 56.00 level. The 2nd profit target should be placed at 60.00 level.
If you think that the fundamental factors will push the markets downward, well, it can be like this as well. But when any market reaches a true bottom, nobody can be sure that it is the right time to buy.
Follow the signals from markets. Follow the markets. Use the proper risk and money management.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
"Coca-Cola: Top and Bottom Analysis" by ThinkingAntsOk4H Chart Explanation:
- After this big fall, price seems to be bouncing on the Weekly Broken Ascending Channel.
- After the Pullback and the Support Zone, price has potential to move up towards the Resistance Zones.
Weekly Vision:
Daily Vision:
Updates coming soon!
"Coca-Cola: Top and Bottom Analysis" by ThinkingAntsOkWeekly Chart Explanation:
- Price was on an Ascending Channel since 2013.
- Price broke it up.
- It is on a Bullish Corrective Structure.
- If it breaks it, it has potential to move up towards the Fibo Levels.
Daily Vision:
4H Vision:
Updates coming soon!
COCA-COLA 1D DESCENDING TRIANGLEDescending Triangle is a Bearish Bias Breakout pattern
Descending Triangles, Triangles, Ascending Triangle and Ranges are repeatable trading chart patterns.
Triangles and ranges are consolidation chart patterns that can breakout either direction.
Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of average volume for a full position size.
b - If 75% of average volume then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
2 - Enter two trades.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
$KO. Strong uptrend channel. Conservative investing.Do you think how to save money or how to make a decent profit, then you should buy $KO. BTW I like their drinks more than Pepsi, and you?
The biggest drink company, good drinks, and they are considering marijuana-infused drinks. Everything is good for Coca-Cola
Resistance: the upper bound
Support: the lower bound
Enter ~ around EMA 50 line or near the lower bound of the channel.
NO TP, NO SL.
Keep Calm and Hold.
I have the subreddit with the same name, if you wanna ask me or community, feel free to do that. Good Luck.
Coca Cola supply and demand analysis and forecastCoca Cola american stock supply and demand trading trading analysis.
Coca Cola stock is in a clear long term uptrend for many months now, creating new demand imbalances and respecting them. No matter which stock trading strategy you use, the bias on Coca Cola stock is bullish unless you are doing intraday or scalping where shorts would also be allowed. As a long term investor, going short or selling short Coca Cola stock with in such a clear uptrend is suicidal.
As a beginner in trading stocks, we recommend you to stay away from lagging indicators. Looking at price action alone without any interference will help you understand how the stock market works, it will help you learn how to trade stocks easier. How to invest in stocks as a beginner? Locate strong bullish impulses that are printing highs higher than previous highs. The strength of the impulse is key to understand where potential new imbalances are created.
Coca Cola american stock has been rallying for months creating new demand levels and retracing to them. The long term bias is bullish with bullish impulses being stronger than market corrections. Demand levels at $37, $41 and $41 have held really way in such a bullish market.
You don’t need huge amounts of money to trade stocks, you can learn how to trade stocks with little money. by joining out trading course.