COCA COLA TO RETEST THE 50 PRICE?Resistance and support levels have been set on KO, a break of the 50 price will take KO further upside.
CCC3 trade ideas
KO shown hidden moveWhile other monster stocks show parabolic uptrend. KO quietly started to it move in silent. Currently KO is waiting for the sharks to turn the key on. Inverted head & shoulder might soon complete it formation if support zone fail to break below. Entry from here will be a good chance as risk to cutlass not really big. Lets see the momentum.
KO 07/17 $46pKO 07/17 $46p
1. MACD Flip Negative
2. Bearish Triangle Formation
3. 0.786 Fib Level Rejection
4. Buyer's Uncertainty Candle on 06/18
5. Retail Sector ETF strength is low - pandemic cases significantly hurts retail
6. Unemployment increased for week of 06/14 - significantly hurts retail
