COKE
KO Coca-Cola Long Trip BottomLooks like a trip bottom forming on daily. Charts look good on the Weekly as well in my opinion. Good setup with a relatively tight stop.
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KO Millennials are not too thirsty for Coca-Cola While carbonated soft drink volumes fell in the U.S. in 2016 for the 12th consecutive year. The Consumption of Diet Coke dropped 4.2%, compared to its rival PepsiCo Inc, Diet Pepsi that declined around 9%. However Coca-Cola's own numbers show a 4% decline in Diet Coke's volume in U.S. which it means the reason why this company is always trying new formulas to keep a green and healthy product. But for these days Millennials who really are looking for green and healthy products, makes complicated Coca-Cola's job. Perhaps this company is appealing for good old times, so old investors sometimes prefer to push the price to $48.90 and $50 while they're drinking a coke... with sugar.
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Bullish Triple Cross For Coca-ColaOn April 27, 2017, The Coca-Cola Company ( ) 20 day moving average (DMA) crossed above the 250 DMA , 50 DMA crossed above the 200 DMA, and 100 DMA crossed above the 150 DMA. All three crosses are bullish in nature and have never all occurred on the same day before. Historically the stock does not always rise over the next 20 trading days when each individual cross occurs. The 20 DMA has crossed above the 250 DMA 50 times with a median gain of 2.685% and maximum gain of 13.139%. The 50 DMA has crossed above the 200 DMA 38 times with a median gain of 3.46% and maximum gain of 11.364%. The 100 DMA has crossed above the 150 DMA 47 times with a median gain of 3.216% and maximum gain of 13.953%.
When we take a look at other technical indicators, the relative strength index (RSI) is at 55.3323. RSI tends to determine trends, overbought and oversold levels as well as likelihood of price swings. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock has been neutral and not likely to produce volatile price swings.
The true strength index (TSI) is currently 22.0722. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is moving up.
The positive vortex indicator (VI) is at 1.0681 and the negative is at 0.9066. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock has been moving up slowly, but the negative indicator is gaining ground.
The stochastic oscillator K value is 46.7087 and D value is 50.0531. This is a cyclical oscillator that is highly accurate and can be used to identify overbought/oversold levels as well as pending reversals and short-term activity. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock has left overbought territory and is pretty neutral on direction.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall direction appears to continue heading up over the long term. Based on historical movement compared to current levels and the current position, the stock could gain another 1.60% over the next 20 trading days.
long term short bad money flow mature bus below cloud 50macd crossed/volume good/adx trending/stoc crossed relative strength weak/cci and percent r lower range/stop loss close in cloud/mic long micro cap with short candidates and specialty etfs/if you look at puts always buy in the money strikes and buy enough time/
Cup and Handle for Coca Cola KOThis looks like it could be a gigantic cup and handle forming for Coca Cola. The top from 1998 ($44) was recently hit again forming the cup. Right now some consolidation is happening and forming the handle. The handle looks kind of sloppy to my, but regardless, if this breaks up above and has high volume $45 I see a %50 - %100 rise playing out .
DOW JONES OVERVIEW: COKE IS IN MACRO RANGE, SHORT TERM RISKCoca-Cola trades in macro range - on 5 and 10 year basis.
Price is now currently trading between 2 key levels. The lower level is 5-year (260 weeks) mean. The higher level is upper 1st standard deviation from 10-year (520 weeks) mean.
Price trading within 1 standard deviation is not trending, thus the range outlined above is lateral.
On short term basis, however price succeeded in falling below the 1st standard deviations from quarterly (66 days) and 1-year (264 days) means, thus it is on a downtrend risk here at the moment.
Overall situation hints that the price is likely to remain in the long term range for observable future (38.00-40.50)