COKE Approaching Resistance, Potential Reversal!COKE is approaching its resistance where a reversal could occur. Stochastic is approaching its resistance as well where a corresponding reversal could occur.
1COKE trade ideas
COKE Approaching Support, Potential Bounce!COKE is approaching its support at 160.49 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 195.01 (61.8% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) is approaching its support at 2.6% where a corresponding bounce could occur.
COKE Approaching Support, Potential Bounce!COKE is approaching support at 185.75 (61.8% & 38.2% Fibonacci retracement, horizontal pullback support) where it could potentially rise to its resistance at 219.52 (76.4% Fibonacci retracement, horizontal swing high resistance).
Stochastic (55, 5, 3) is approaching support at 1.22% where a corresponding bounce could occur.
COKE Reversed Off Resistance, Potential Drop!COKE reversed off its resistance at 221.74 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially fall to its support at 198.06 (23.6% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching resistance at 99% where a corresponding drop could occur.
COKE Reversed Off Resistance, Potential Further Drop!Coke tested its resistance at 221.74 (100% Fibonacci extension, 76.4% Fiboancci retracement, horizontal swing high resistance) and reversed towards its support at 185.83 (61.8% Fibonacci retracement, horizontal pullback support).
Stochastic (89, 5, 3) has reversed off near its resistance at 99% where a corresponding drop could occur.
Coke Testing Resistance, Potential Reversal!Coke is testing its resistance at 197.72 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 163.62 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (89, 5, 3) is testing its resistance at 97% where a corresponding reversal could occur.
Pattern Completion - CypherHere is the follow up for the COKE stock, the Cypher pattern did complete and the target 2 was hit. Beautiful to see ! :)
Dow drops once again #37 (COKE)Technical Concept: Support becomes Resistance (Red Arrows= Resistance) (Blue Arrows= Support)
I not use sophisticated technical jargon in an attempt to persuade and Impress the reader
I do not use fancy Charts plenty of Indicators, Oscillators, and other stuff, all in a stock chart,
in an effort to impact the reader with my knowledge because I not a guru,
I use a old fashion method, based in Support and Resistance , which does not need elaborate explanations.
I not conceptualize because I can not control the facts, Price Action is a fact
Who I am?
I am End of Day Analyst and Stock Picker, I support myself in Charts, but I not self-proclaimed Technical Analyst Expert
I do not fall into the mistake of comparing and affirm that Technical Analysis is better than Fundamental Analysis .
I am a person without Higher Education, and not have Math Skills.
I am a right brain oriented person and I focus in my strengths, for this reason I use Charts and
I no try to become a Quantitative Trader, since it is a lost cause, in my case.
I dedicated 10 lonely years of deliberate practice and in this process, I eliminated all kind of thoughts.
I open and reset a lot of Demo Accounts for this purpose
I tried and practice with different Markets (Forex, Options and Stocks) with different Time Frames (Intraday, Scalping, Swing/Position).
I tried Mechanical Trading too, But definitely I am Discretionary Analyst or Qualitative, It took me years to know it, and a lot of books.
I've learned by myself, but I do not think I'm smarter than others, “Ego is a sin”
What I do?
I pick Stocks manually I watch one by one without the use of a Stock Screener
I follow approximately 1300 to 1400 Stocks , with different market cap
I have no preference for a particular industry I follow 10 Industries even Public Utilities
I do not follow Penny Stocks and Over-The-Counter stocks
I not follow Stocks with an Avg_Volume bellow 100,000 with (Low Liquidity)
I use a simple method based in Support and Resistance , accompanied with moving averages, and I do a Top down Analysis with multiple time frames
My first view of a Stock is a 10 year Weekly Chart, Then I do a zoom in and I focus in the action of the last 2 or 4 Years, I look my Daily Chart and 4-Hrs Chart too
I understand the concept of Short Selling and spend hours searching this kind of patterns including the weekends.
What I can do for you?
I can put ideas in the desk of Professional Traders, the ideas are based in Price Patterns + Price Action
and they can trade with your own system or set up
My ideas are not influenced by the media or my neighbors
This was my Resume and Cover letter
Sincerely
Alex_Quiroga
Cypher pattern that might be setting up on Coca Cola (COKE)Hey, still trying to spot Cypher patterns, we have here a long term view with good fibonacci ratios, this could lead to a retracement of last years' uptrends
Please feel free to comment if you have any idea about this :)
COKE OUTLOOKCOKE OUTLOOK, WITH EARNINGS AM LEANING TOWARD BEARISH. NICE PINBAR ON THE WEEKLY, BUT BEST TO WAIT UNTIL AFTER EARNINGS OR PURSUE FUNDAMENTAL ANALYSIS.
Coca colaEsperar confirmación. Rotura de canal, alcista hasta zona superior. Si no puede, corto hasta fondo del canal.
Expect confirmation. Break channel upward to upper zone. If it can not, short to bottom of the channel.
long term short bad money flow mature bus below cloud 50macd crossed/volume good/adx trending/stoc crossed relative strength weak/cci and percent r lower range/stop loss close in cloud/mic long micro cap with short candidates and specialty etfs/if you look at puts always buy in the money strikes and buy enough time/
COKE - ShortShorting Coca-Cola bottling company.
Why?
Price is near 52 week high.
Recent strong rally in price, on no news.
Price stopped accelerating upward, slowing/stopping (bulls are done).
Consumer sentiment for sugary beverages continues to fall.
Biggest sales are Europe which is currently burning the Euro.
Price targets
* 100
* 91
I'm not confident on the price targets, but I am fairly confident on the overall direction turning from up to down.
coke down 21.6% time to be a contrarian?With out using technical's except for the classic support and resistance areas.
(But in this case I only have areas as support because that is the buy zones I am looking at)
The market currently is down 21.6% from the all time highs.
A theory or metaphor that i want to take into consideration is this, in sports every year or every other year a player gets a record contract at there position or a record happens an then later that same year a new contract happens and sets a new record.
Why? Because of money. Tv deals companies make more money or there company becomes inflated with profits and they have to adjust pay in order to make there players happy, while also the cap space does increase from year to year.
How does this come into being a contrarian investor? Because the contrarain knows the business is going thru a cycle. As long as the company is a good company, the company will or should always put in higher highs through the course of its history.
On the chart where price bounced off support and reached the resistance level an then treated it as support after. The gap between this is about the same distance from where the all time high is to where price is currently at todays price close at 70.08.
Notice how price between the support and resistance levels are almost 21.6%.
In my view of the current price of the stock, this is a fair value, I'm not saying go all in. But what I'm saying is I think its a good time to buy a small amount of shares, and if price falls to the other support levels it would be time to buy more.
An this is called dollar cost averaging.
An this is what I call a dollar cost averaging stock to own.
