KO - 50% retracementKO has lost 37% of its value and has retraced 50% of its move off the 2008/9 lows. There has been very heavy selling and extreme volume on the downside. Weekly RSI has hit a level not seen since 1979. Today felt like capitulation selling to me in the last hour. For the better part of two and half hours prior to the last 90 minutes, someone took every share at $40 until the weight of the market was too much. If there is a bounce next week in the markets I expect KO to outperform for the Dow 30.
KO trade ideas
$KO can fall in the next weekContextual immersion trading strategy idea.
The Coca-Cola Company has a strong downside trend.
This and other conditions can cause a fall in the share price in the next week.
So I opened a short position from $38,13;
Information about stop-loss take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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"Coca-Cola: two paths possible" by ThinkingAntsOk4H Chart Explanation:
- Price is on the Weekly Ascending Trendline.
- It tried to break it, but could not do it.
- Now, we have to possible paths: 1) bounce from here and start a new up move; 2) break the Support Zone to start a new down impulse.
- We are waiting for setups on lower timeframes to take trades on this instrument.
Weekly Vision:
Daily Vision:
Updates coming soon!
KO - A Coke and a Smile!KO traded at $41 today and bounced and closed above the 1998 peak in the 45's after hitting $60 last month. A 32% drop top to bottom largely because it is part of the DOW. Looking back to the 1987 crash and the period that followed, KO had an incredible 11 year period. Even through the correction that followed, the stock was up 1000% from its Black Monday lows. The last 11 years have been good for Coke, but were not anything close to the gains from the Black Monday period. Things feel washed out and today's close was just ugly IMO. KO will weather the storm as good as any company out there. It has dealt with dislocations in the market before and will navigate this period just the same. So smile and have a Coke.
Coke support levelGood buy at these level historically with the support trend lines however, any bounce I would be concerned about a forming head and shoulders pattern on the right shoulder up to $54.61 which can be possible with the overall bearish market sentiment. Good buy between 50.50 & 51.50 for at least a bounce.
Coca-Cola: Is It the Right Time to Buy?The market dropped a lot, and now we have a possible reversal signal. The price reached SMA200, and we got a reversal candlestick pattern.
RSI is going to confirm the price reversal.
If the price can stay above the low of the signal candle, it is possible to search for buy signals using the daily and hourly charts.
Stop orders must be placed below 52.00 support and the local swing low. The main profit target should be 50% of the previous downward movement - it is 56.00 level. The 2nd profit target should be placed at 60.00 level.
If you think that the fundamental factors will push the markets downward, well, it can be like this as well. But when any market reaches a true bottom, nobody can be sure that it is the right time to buy.
Follow the signals from markets. Follow the markets. Use the proper risk and money management.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
"Coca-Cola: Top and Bottom Analysis" by ThinkingAntsOk4H Chart Explanation:
- After this big fall, price seems to be bouncing on the Weekly Broken Ascending Channel.
- After the Pullback and the Support Zone, price has potential to move up towards the Resistance Zones.
Weekly Vision:
Daily Vision:
Updates coming soon!
Buy long term with KOMy strategy is to combine several techniques at once:
+ Price channel and trend line: help me identify the direction of the price,
+ Supply - demand: help me identify the reversal position,
+ Elliott wave: help me determine the cycle of price,
+ Candlestick pattern and price action: Help me correct the position to the order
Coca Cola has plenty of upside
Another great earnings report from KO.
Stock has acted in a quiet symmetrical pattern in the past so a projection of those moves takes us to $63.
Which is also in confluence with Fibonacci 1-21 extension targets.
Possible a slight pullback before advancing higher as Fibonacci levels are now resistance which should be temporary
Short Term Bullish KOThe question here is not whether or not price action is moving higher in the short term, but rather its' how quickly KO moves to the upside. Very bullish here. Should see the 54.90 level tomorrow or the next day. Then 54.99 and our target level to focus on is 55.33 in the next day to several days...a week at the most.