KO
KO Likely to break through $50 and retrace back upKO seems to be attempting it's 4th break above resistance at $50, post-crash. So long as the overall market holds, I believe it breaking above $50 is highly likely this month. If KO does break above $50 while abiding the ascending channel in the chart, I believe KO could reach $55-$60 with a momentum swing within the next 6 weeks. I picked up September 18th $50 strike calls for ~$0.50, so I'm expecting them 10x-20x if resistance it broken through within the ascending channel.
KO goes up real quickHey everyone,
Coca-Cola is taking a break as i prognostated. Now it seams like it is on it's way to wave B, which is a Long opportunity. After that, the stock likly will go back down again. A good chance to add something to your short position.
If you are short atm, you could close that position instead of building it up as soon as the stock goes to wave C.
Very much fun with that trade!
Leave a follow please, my goal is 200 :)
$KO daily-Chart has not changed since I drew a couple weeks ago and continues to perform as expected
-Closed right at the bottom a huge volume shelf
-Break of 43.20ish would bring a measure down of about 5 points to the $38 price level
**RSI is still declining but is still below 50 and on watch if it continues dramatic move to oversold territory.
**Still strong volume shelves at 45ish and 44sh
KO - 1D - 2.08.2020$KO - Favorite value stock post COVID. Multi time frame analysis.
1W - Solid bullish tendency. With a 15% average price correction every bullish trend. Tendence line is working as support. Even on smaller and actual time frames.
1D - Lateralizing on zone 43 - 50. Important resistance on 50 USD. Good volume indicating possible accumulation. Weekly trendline working as resistance too.
4H - Fibonacci at 0.382 looks quite strong as the first 4H support. Even though MACD showed selling signals, our last green candle stopped the fall at Fibonacci 0.236. Minimum corrections prices are getting slowly higher and creating an ascendence triangle.
1H - If we take a deeper look at Fibo 0.236, we can confirm that the price is slowly bouncing at that level. Just a little push left for MACD to validate the opening of a long position.
Conclusion: We need one more session with a good volume to confirm a long position and hold it until a target of 50 UDS. 47.40 USD will be our signal. KO its a solid long terms stock to hold. Also, dividends will improve as long demand its reactivated once overcome COVID impact.
Coca Cola Technical Analysis - KOAnalysts suggest to Buy. The Target price might be set to 55.00 USD.
Prices are moving horizontally inside a channel (in trendless condition) and, based on Technical analysis, the idea is to buy - go long - only if the resistance level of 49.00 USD (I would suggest 50.00 USD) will be broken.
There is still an option that the resistance of 49usd will not be broken and the prices might go down and keep moving inside the channel.
In conclusion, wait that the resistance level will be broken before going long.
Fundamental Analysis:
Coca-Cola plans to cut ‘zombie brands’ from its portfolio
The cuts have already begun. Coca-Cola said that it would stop operations on the Odwalla brand of juice beverages, effective July 31. There will be 300 job cuts as a result of the move.
$KO in a higher degree correction completing Wave B of B
Disclaimer: I have been trading in the markets for about a year. After several months of charting various instruments, my eyes have gotten trained to recognize different candle formation patterns like Bear & Bull Flags, Head & Shoulders, and others. This was good. But, not enough for me to accurately forecast the next following moves and market structure after these patterns had been completed.
For me my next evolution as a Trader came with a more fine-tuned approach to Market Structure, The Elliott Wave Theory. There are two books that were recommended to me as I started this journey.
1. Elliott Wave Principle: Key to Market Behavior by Robert Prechter and A. J. Frost, www.elliottwave.com
2. Visual Guide to Elliott Wave Trading by Wayne Gorman and Jeffrey Kennedy, www.elliottwave.com
I am still learning. I accept the fact that my analysis may be wrong. But, these are my charts as I continue my journey. I am open to all feedback on my analysis as I continue to improve.
KO - Eyes open - Idea coca-colaAnother good opportunity
If the price gets rejected at the top we enter short towards to the 61.8% Fibo as it is breaking the triangle.
61.8% fibo range is the sweet spot to enter long if the above scenario happens.
In case we see a breakout of the tunnel before geting to 61.8%, wait to retest the tunnel confirming support to enter long.
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