KO on Coca-Cola. KOLooks like today is going to be be "pick the short" day. Zigzag, betting on volatility to flip soon on the daily. A very resonant picture fractally.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
KO trade ideas
Hypothesis that KO is a predictor of Global Market ConditionsHypothesis that KO is a predictor of global market conditions, seeing that the product it provides is almost essential goods and KO & SP500 will correct until reaches the bottom of the KO ascending trendline ~$50.25, which as of today is a short of around 10% more to go.
$KO on the rise$KO; weekly chart showing bullish momentum. Trendsi indicators show momentum to the upside. Was one of the few tickers ending green on Fridays "witching day". Trendsi indicators showing green EMA, Money momentum bouncing around on the EMA, as well bouncing on the 50 day EMA. Currently bullish on $KO, Just needing time to develop. What are your thoughts on $KO, as well what do you see on the charts. Safe Trading everyone.
KO D1: buy by market SL 60.0 or 58.25 TP 68.0Current decline is presented by already G ZZ bullish sequence. This corrective segment reached 61.8% retracement level. In accordance with 58d dominant cycle (write a private message for details explanations) it is reasonable to try long position with the first target at 67.20.
8/17/22 KOCoca-Cola Company (The) ( NYSE:KO )
Sector: Consumer Non-Durables (Beverages: Non-Alcoholic)
Market Capitalization: $280.582B
Current Price: $64.88
Breakout price: $65.20
Buy Zone (Top/Bottom Range): $64.60-$63.65
Added Target: $67.00-$67.30
Estimated Duration to Target: 41-43d
Contract of Interest: $KO 9/16/22 65c
Trade price as of publish date: $1.10/contract
Coca-GOlaCoca-Cola
Short Term
We look to Buy a break of 64.83 (stop at 63.28)
A break of bespoke resistance at 65.50, and the move higher is already underway. We are trading within a Bullish Ascending Triangle formation. The trend of higher lows is located at 63.00. The medium term bias remains bullish.
Our profit targets will be 69.02 and 70.90
Resistance: 65.65 / 66.50 / 75.00
Support: 63.00 / 61.30 / 59.50
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Analysis on KOAs you can see on the graph we are in an uptrend and we are not going against this trend. But, we notice on this chart small candles with small bodies and small wicks. Therefore, we have a high probability that the market will go down but provided that the vwap indicator is forcefully broken by a large red candle and accompanied by large red volume.Thanks.