KO trade ideas
COCA COLA BUY OPPORTUNITYHello Traders
As you can see we got a descending triangle pattern I'll wait for a bounce at the TRENDLINE SUPPORT around 44-45 then go for a buy
Targets: 50 -52
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KO Impending Breakout (Round #2)Watching KO (Coca Cola) and PEP (Pepsi) for breakouts later this week. Value stocks haven't got a lot of love in the past 2 quarters, despite producing positive cash flows and looking healthy, despite the pandemic. Open a position at the bottom of the 2nd hour of the trading day when both of these stocks are typically trading at their daily low. If you only trade breakouts - stay tuned! Volume has been weak up until now, but the pressure is increasing for side-line cash to move into equities. There's certainly a strong price floor developing in both of these stocks.
Long on KOKO is developing a pennant pattern.
10-day EMA crossed 50-day EMA, indicating a bullish trend.
Trade Open
KO - Monthly Support (22/8/20)Forming ascending triangle and have been squeezing at weekly lazybear. Potential breakout soon
Coca Cola is on its way up..I trade charts. I see waves trends and Fibonacci.
The charts I share are the results of my chart study.
KO BUY 49.72$target is about 50 as long as we go past the first resistance line. like for a cookie and follow if ur cool
KO Likely to break through $50 and retrace back upKO seems to be attempting it's 4th break above resistance at $50, post-crash. So long as the overall market holds, I believe it breaking above $50 is highly likely this month. If KO does break above $50 while abiding the ascending channel in the chart, I believe KO could reach $55-$60 with a momentum swing within the next 6 weeks. I picked up September 18th $50 strike calls for ~$0.50, so I'm expecting them 10x-20x if resistance it broken through within the ascending channel.
KO Failed Breakout/Re-test SupportI'm not shorting KO currently, but all indicators show this stock is going to re-test it's lower support line in the next few days. The market has been kind of sluggish this week. The buyers are all on vacation it seems. Would love to see a big fat red gap-down candle tomorrow that busts through the support line <$46.80. That would give . the stock a lot of spring to pop up and out of this ascending triangle (Wyckoff breakout). Closed long position this morning during the first 5-minutes. Plan to reload the truck at or below $47.
$KO Coca Cola safe play - better than a savings actIf you have spare cash in a savings account generating less than 1%apr, this stock has to be one of the safest plays out there. Everyone knows the oracle himself loves this stock. It will in due time rally back up to previous highs. And also it generates above 3% dividend. What are your thoughts??
KO Impending BreakoutCoca Cola has been in a long consolidation period since March. You can tell she has been aching to break out. The volume during this period combined with occasional price tests tells me the insiders are loading up on this stock. On the daily chart, we can see low volume price testing (that candle was much too big relative to the volume) on Jul 31 and again on Aug 3. It's looking like the last of the sellers have been squeezed out. The past 4 trading days sessions have given us modest increasing volume along with modest increasing price (which is significant: we haven't had 4 consecutive up days since prior to the pandemic). I love to see setups like this right before a breakout. I'm long @ 47.80.
KOSupport @ 45.40 area
Resistance @ 48.8 area
Stock is trading in strength around 50-45 on RSI
MACD signals flipped as stock left 1.5 top Standard deviation signaling minor selloff
KO goes up real quickHey everyone,
Coca-Cola is taking a break as i prognostated. Now it seams like it is on it's way to wave B, which is a Long opportunity. After that, the stock likly will go back down again. A good chance to add something to your short position.
If you are short atm, you could close that position instead of building it up as soon as the stock goes to wave C.
Very much fun with that trade!
Leave a follow please, my goal is 200 :)
KO Buy (Swing trade)KO could be entering a area of daily support within the next day or 2. With bullish/reversal price action I will be buying calls and or shares around the $43.50 level and take profit at the top of the channel at the $49 area
$KO daily-Chart has not changed since I drew a couple weeks ago and continues to perform as expected
-Closed right at the bottom a huge volume shelf
-Break of 43.20ish would bring a measure down of about 5 points to the $38 price level
**RSI is still declining but is still below 50 and on watch if it continues dramatic move to oversold territory.
**Still strong volume shelves at 45ish and 44sh
KO - 1D - 2.08.2020$KO - Favorite value stock post COVID. Multi time frame analysis.
1W - Solid bullish tendency. With a 15% average price correction every bullish trend. Tendence line is working as support. Even on smaller and actual time frames.
1D - Lateralizing on zone 43 - 50. Important resistance on 50 USD. Good volume indicating possible accumulation. Weekly trendline working as resistance too.
4H - Fibonacci at 0.382 looks quite strong as the first 4H support. Even though MACD showed selling signals, our last green candle stopped the fall at Fibonacci 0.236. Minimum corrections prices are getting slowly higher and creating an ascendence triangle.
1H - If we take a deeper look at Fibo 0.236, we can confirm that the price is slowly bouncing at that level. Just a little push left for MACD to validate the opening of a long position.
Conclusion: We need one more session with a good volume to confirm a long position and hold it until a target of 50 UDS. 47.40 USD will be our signal. KO its a solid long terms stock to hold. Also, dividends will improve as long demand its reactivated once overcome COVID impact.
