Coca-Cola bullish potential!Hello fellow traders ! The chart speaks for itself, nice bullish candle trend break with the 50 day moving average as support. MFI was oversold and making its way up, stochastics gaining traction as well. Looking at the fib levels to have an exit plan. Just my opinion! Good luck ! ;)
COKE
KO - COCA-COLA S/R zonesHello traders,
Description of the analysis:
Coke is currently on the first support (upper gray) suitable for analysis into investment input. Another suitable opportunity to enter during the decline is the second support (bottom gray). In general, invest in instruments that you understand. With balance and your own plan. This is not an investment recommendation.
Be careful to trade and invest sparingly!
About me:
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (4 000 000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
Jacob
KO Reverse Bullish (200 EMA, confirmation, and earnings setup)Confirmation with 3 bounce on support line with 200 EMA convergence with earnings coming up this week. Potential for gain 1:27, 1:6, or 1:10 gain with minimal downside being close to support line.
Keep in mind I am new to this but, following someone else's thesis idea that I wanted to work through for myself.
KO t.a. & potential set up 10.18.19Coke's Major Keys
*Trading above SMA200
*Recently had a strong breakout via gap-up
*Break above & close above EMA21 & SMA50
*Recently left known oversold rsi levels
*Indicator convergence
ENTRY @ intraday momentum supports long term trend @ break above short term EMA
EXIT @ overextended indicator levels or any close below trailing stop
STOP @ any close below original SMA, convert to trailing stop @ any close below short term EMA after uptrend confirms above original SMA
Coca Cola: Could re-franchising boost Q4?By Andria Pichidi - February 14, 2019
The Coca-Cola Company is one of the top global key players in the beverage industry based and established in the USA since 1886. The firm is in charge of the manufacturing (by franchisees), retailing and marketing of nonalcoholic beverage concentrates and syrups.
The billion-dollar beverage giant ranked by Forbes as the World’s 3rd Largest Public Company for 2018 in the beverage industry after Anheuser-Busch InBev and PepsiCo, reports its quarterly earnings later today prior to the open of the New York trading session.
The shares have been in high demand following the December low at $45.64, closing yesterday at $49.67, just a breath below the 6-year peak area at $50.00-$50.77 area (9-week high and 6-year high). The rally from December 26 represents a gain of some 9%, while Coca Cola shares were marked as one of the best performing Dow stocks over the last year with a nearly 19.5% increase since 2018’s low price at $41.52.
Regarding today’s earnings report release for Q4 2018, the consensus recommendation is “buy”, according to a poll of analyst by Reuters, with 13 out of 24 analysts having a Buy recommendation for the stock (the rest a Hold recommendation) with a median target of around $51.50 and mean target at $52.02 as given by Thomson Reuters Eikon. (2018).
Coca Cola (NYSE:KO) is expected to have $0.49 in Earnings Per Share for Q4 according to Reuters which represents a nearly 25% since the reported EPS a year ago. The ZacksInvestment on the other hand suggests an EPS at $0.43, which represents a nearly 10% since the reported EPS a year ago. Meanwhile, QTR Revenue is expected to be released at $7.03 billion, which will end the fiscal year with $31.91 billion, based on Forbes forecasts.
The Coca Cola earning report for Q4 is expected to present growth for the company, as despite the world’s health concerns over soda consumption the last few years, the company is likely to continue benefiting from the introduction of a renovated Coke Zero into Coca Cola Zero Sugar during Q3 2017. The company faced an impressive increase of its revenue, due to the spike in sales of Zero Sugar.
Meanwhile, the deleverage is ready to innovate new flavors effective by February 25. As he company reported, they will offer Orange Vanilla Coke and Orange Vanilla Coke Zero Sugar in the US market. After over a decade, the company is offering a new flavor under its trademark Coca-Cola brand. Nevertheless, another factor that could positively affect the company’s earnings could be the large-scale re-franchising of the company’s bottling business, coupled with lower tax expense for the year, as Forbes stated.
Technically, the current Coke price action has posted a reversal of more than 76.4 % of the losses seen since November 2018. The price declined in 2018 due to consumer health concerns that reduced demand and a surge in production but also due to the $40 million reinvestment of cost savings in Australia.
This rebound from $45.20 lows in December, has turned the medium term outlook to a positive one. The stock is trading in the upper Bollinger Band pattern (weekly and daily) holding a floor above the 23.6% set since 2012 drift, for a 5th month in a row.
Immediate Resistance holds at the round $50.00 level, while a break of it, along with the increasingly improving Momentum indicators, suggests that there is plenty of underlying demand to protect the asset and to boost it to a 6-year high at $50.77.
In the daily chart, RSI has flattened at 60 area, while MACD lines have crossed higher indicating an increasing positive momentum in the near future. Immediate Support for the asset is set at $49.45 (last week’s peak). Next Support holds at $48.80, the 61.8% Fib. level.
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KO - Coke going for the knockoutI see a long to the 786 range coming up there's confluent ideals showing that we go to this range. I am not sure if this happens by the 25th or if we'd need to go into next week. Right now there's tons of strength in the move but the indicators are topping out some in the 1hr and lower frames. A stop at the 618-65 range first before pulling back a little then shooting for the 786 is a high probability.
COKE Approaching Support, Potential Bounce!COKE is approaching its support at 160.49 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 195.01 (61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its support at 2.6% where a corresponding bounce could occur.
COKE Approaching Support, Potential Bounce!COKE is approaching support at 185.75 (61.8% & 38.2% Fibonacci retracement, horizontal pullback support) where it could potentially rise to its resistance at 219.52 (76.4% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching support at 1.22% where a corresponding bounce could occur.
COKE Reversed Off Resistance, Potential Drop!COKE reversed off its resistance at 221.74 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially fall to its support at 198.06 (23.6% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching resistance at 99% where a corresponding drop could occur.
Trade Idea on CokeCOKE is done well in October and November rally and pull back to the 20 EMA and a rally and a pull back to the higher low to the 20 EMA. This is a good bullish setup for about a $1 or approximate.
Trade Set up with an
Entry at $49.70,
Targets for $51.50 and up to $52.50 with a
Stop at $48.80.
This is a bullish trade set up and traders can either buy Long calls for January or February 2019, buy LEAP calls for January 2020, buy the stock.
Technical analysis was driven by Fibonacci to predict the targets and with a 3:1 risk reward
COKE Reversed Off Resistance, Potential Further Drop!Coke tested its resistance at 221.74 (100% Fibonacci extension, 76.4% Fiboancci retracement, horizontal swing high resistance) and reversed towards its support at 185.83 (61.8% Fibonacci retracement, horizontal pullback support).
Stochastic (89, 5, 3) has reversed off near its resistance at 99% where a corresponding drop could occur.
Coke Testing Resistance, Potential Reversal!Coke is testing its resistance at 197.72 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 163.62 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) is testing its resistance at 97% where a corresponding reversal could occur.
If KO continues trend, Nov 30 calls will 10xNov 30 calls at strike $51.50 are $0.10. If KO continues it's trend from October 26th to Nov 30, KO calls at strike $51 will reach $1 for an upside of 10x. Since KO is only 1% from the bottom of it's trend, one could sell at a 50% loss tomorrow if it breaks it's trend for a resulting Risk/Reward of 0.50/10. In my analysis, this play has a 20x greater reward than risk.