KO
KO looking for pullback before breakoutlong term trend is in a strong uptrend
intermediate time frame is showing long term moving average rising with the medium term flattening
looks like a shallow pullback with strong support confluences at the .236 retracement level and volume by price and dynamic support
volatility is contracted and congested at said area looking for an advance upward
rsi pulling back to support in 50 area with positive volume pressure
looking for entry in this area..will not enter if goes below 45.27 area
long COCA COLA @ daily @ trading capability until january`17Take care
& analyzed it again
- it`s always your decission ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Overnext month i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
KO - Trading Setup & Plan (Case Study)Here is my trading setup for KO. I am using a trend based strategy so I will update this idea when I have a sell signal, I do expect this stock to bounce. Again guys these charts are just ideas or a guide for you to learn or follow from if you agree with me, I am not recommending anything or selling any signals.
Cocoa toppingSeems cocoa is finding a way lower. On the monthly I see too much pressure building. Path of least resistance is likely to the downside at this point. I prefer to get in a bit early than wait for the pennant to break to the downside (if it does).
KO: Underperforming the market, short to 42.8KO is very negative here. Looking to short towards the 43 region.
Massive underperformance of the market.
Keep stops above 46.65, or use 1-3 ATR distance.
Good luck if taking this trade.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers,
Ivan Labrie.
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 .
Cup and Handle This 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 break up above $45 I see a %50 - %100 rise playing out .