KO long positionSwing trade idea, if you want entry in KO decent for long position also works. PT on fib line exit on fib line.
CCC3 trade ideas
Coca Cola Can Disappoint in Next Couple of MonthsBecause a company is a household name doesn’t make it immune to market declines. Coca-Cola stock fell from ~$60 to as low as $36 a share in roughly a month during the 2020 Coronavirus crash. That is about 40% decline, fortunately for the bulls, was followed by a recovery to approximately $55 by the end of the year.
Is this a good time to join Coca-cola bulls?
The daily chart above makes it possible to analyze KO’s structure from its $60.09 top from an Elliott Wave perspective. The sharp decline to $36.20 can be seen as a five-wave impulse, labeled 1-2-3-4-5 in wave (A). The EW theory states that a three-wave correction follows every impulse, before the price resume in the direction of the impulse.
Another 40% Plunge Threatens Coca Cola Investors
That three-wave correction fit in for the advance from March 2020 low. The corrective rally in Coca-Cola stock looks like a triple zigzag, labeled as W-X-Y-X-Z. If this count is correct, the bearish reversal from $54.92 high is the beginning of wave (C) down. (C)-waves usually breach the ending point of the corresponding wave (A). This means bearish targets below $36 a share are highly probable as long as the price stays below wave (B) high.
Besides, the stock has broken out of major correction trendline and made a short-term impulse-corrective cycle, labeled 1-2. Just like there was a massive sell-off in wave 3 during the COVID-19 plunge, it makes a lot more sense for the price to go down rapidly the same way in wave 3 of (C).
In my opinion, there are plenty of reasons to prepare for a drop to the low $36 in the months ahead.
What's your view on Coca-cola? Let me know in the comment.
Thanks for reading!
Veejahbee.
Bullish CokeCoke has not recovered since the march drop but was consolidating for some time and printed higher lows as well as an ascending triangle. There is a very bullish TK recross on the 1h and a TK cross above the cloud on the 4h chart, a KUMO (cloud) breakout on the Daily. unfortunately there is a bearish TK cross on the weekly chart however taking the bullish signals on the lower timeframes it could lead to a TK recross on the weekly chart which is the most bullish signal using the ichimoku cloud
KO, Long , Trend Following setup This is a good company to buy that should do good with a rising yield environment , it's time for value stocks to shine .
So , I will plan to trade this as a trend following set up . After we exceed the risk vs reward set on chart I will adjust my stop to break even , then I will adjust my stop loss accordingly as we form new supports . Hopefully :)
Another good one to consider is Pepsi , but I like KO's chart more as they are already in an uptrend (higher highs and higher lows formed since April 2020) whereas Pepsi is trading in a range .
KO: Update from previous forecast 2 years ago!Looks like we're in one big correction. Lower time frames are indicating sell setups! What's your outlook on the Coca?
Good Time to buy KOThe price of KO is near a strong support level.
Dont forget to use a stop loss in case it the support level breaks.
KO SetupNYSE:KO stock has been oversold. It's hovering over strong support. Play could be here entry price 48.37, potential target 51.23 and SL 47.13
Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational purposes only. All advice is based on technical and my own opinion.
KO Set To Move Up Before DownI am back to conducting full studies based on all my algorithms. At the close yesterday, KO signaled Sell on my Precise Signal. This is great news as this algorithm is highly accurate and finding price reversals. Particularly, this has found reversal points on 10 of 11 occasions specific to the Daily chart for KO and the determination of a SELL point. I have the full analysis and explanation of all the target price points on my site as usual.
I see it moving up over the next 2 to 4 days as displayed and then down over the next few weeks. I am looking for around a 6% drop from the top which is likely close to 51.00.
Let me know what you think.
KO - Upside Down Cup & Handle (Breaking Out of Handle)Just did a write up on Cokes kid brother Pepsi, seeing identical patterns on the charts. Bearish upside down Cup & Handle. Anyone who reads my posts knows I love Coke and I'm a long time holder. I've decided to thin out my position in recent days in light of some bearish patterns developing over the past couple months. I plan to buy up more shares when a bottom emerges. Not cost effective to short this tortoise, but that's precisely the trade this pattern calls for at the present time.
KO UpdateWe should hit support 49.53 in the upcoming days, and bounce back to 50.63.
Loosing momentum, and low volumes. I continue loading KOF.
By no means this should be considered as a financial advise.
KO Long term investment oppurtunityKO is providing a very nice dip and consolidation to start to add or average down on some shares of $KO. A great value company currently at a discount that provides a great dividend. Not a bad idea to look into them as a stock to add to a long term portfolio. I added some shares in this consolidation as well. Earnings are coming up very soon so if you want to wait to be sure they are good and don't report anything that might impact the stock in the coming months please do. But I think this is a great opportunity to start building a position and acquire those sick dividends.
Guess what? :)I'm in since the very bottom of this beautiful cup. Can't wait for the confirmation after the handle formation.
Not advice, just noticed the pattern and shared it.
KO Good long term company. Coca-Cola is a great company for anyone who want something defensive and long term. With a wide range of products, coca-cola is always expanding and innovating it's product line. This is a great long term hold an a great way to add some safety to your portfolio.
Don"t except crazy gains but you can expect consistency from this massive company. The pandemic has demonstrated the need for commodity stocks in any portfolio to safeguard it in a market crash and coca-cola is a great option.
Although, not necessarily bullish in my opinion, if it can get back into the ascending triangle, we can see maybe see $55-$60. Once again great long term pick.
This idea is based of another trading view user: Profit_Center. I am just offering extra opinion on this stock. I agree with profit_Center that an entry can be in the near future, i will be watching for it to resume into the ascending triangle.
Possible Entry ApproachingIt doesn’t take a genius to figure out KO has been a good long term investment and will continue to be a good long term investment. They have been innovating for decades show no sign of stopping.
If you are looking to trade the stock there may be an entry point soon. After plunging past support of $50 in an upward channel on 1/14 the stock found new support at $48.70. It held here from 1/20 to 2/4 and just before earnings on 2/10 there was a gap up to $49.65. Price action says investors were not too impressed but did not punish it back down to $48.70 and on 2/10 KO closed at $49.60.
I believe KO can go back to $48.70 over the next few days, once again fund support, then continue trading higher to $51.00. If it holds at $49.44 there is a good chance it continues to trade in its previous upward channel and hits $51.50 before trading even higher.
I would buy at $49.75 and set a stop at $48.60. PT1 is $51.00. PT2 is $52.70.
KO 54 in JuneRed Earning, but not expecting a big drop. You can't be wrong with KO. That said, I'm putting more weight on KOF, as in my sense leverage is highger. KO is trading at a fare value VS KOF whish is clearly undervaluated.
KO following upward channel since 2013KO following upward channel since 2013. Perfect stock to swing or hold long term. Buy on bottom support line.
