KO SHORT based on Long-Term TrendThe long-term trend-line only experienced short-term false breakouts in Apr `13 and May `13; and held in Oct `14, Apr `16, Nov `18 and now in Jun `19. 07 Jun `19 to 24 Jun `19 hit resistance 3 times. Waiting to see if short-term trend-line (RED) will be broken or the long-term trend-line (WHITE). Based on ONLY the long-term Trend-line and the current Resistance at 52.20, I would suggest a short on KO back the 1st (SHORT50%) Target 51.50 > 2nd Target 50.50. If 50.50(YELLOW) breaks, SHORT full position (100%). Otherwise prepare for retest long-term trend (WHITE) at 52.20.
KO trade ideas
Saturation!!!KO is being traded ~51.30 and I think it's gone ahead of itself; bears are about to fix that...
First and foremost, the price has moved beyond its territory; KO has a very established bullish channel since 2012. On June 7th, KO closed the day while being above its channel and it did remain there for a couple of days. Shortly after, we moved into the channel on 13th after two Shooting Star candles appeared on the chart. The candles are bearish and I am quite convinced that moving out of the channels is rejected for now. Secondly, the buyers of the Ascending Scollaps and the Ascending Wedge are about to take profit and sell their long positions. For both the Ascending Scollaps (10% depth) and the Ascending Wedge (4% depth), the profit target is reached based on the Bulkowski's Measure Rule; Take profit areas are shown on the chart. This is all happening as both MACD and AO are indicating that the bearish momentum is increasing.
As of now, I am already short (opened the position on the second Shooting Star) and I will scale in if daily MACD signals sell.
Stay tuned!
$KO. Strong uptrend channel. Conservative investing.Do you think how to save money or how to make a decent profit, then you should buy $KO. BTW I like their drinks more than Pepsi, and you?
The biggest drink company, good drinks, and they are considering marijuana-infused drinks. Everything is good for Coca-Cola
Resistance: the upper bound
Support: the lower bound
Enter ~ around EMA 50 line or near the lower bound of the channel.
NO TP, NO SL.
Keep Calm and Hold.
I have the subreddit with the same name, if you wanna ask me or community, feel free to do that. Good Luck.
Coca Cola supply and demand analysis and forecastCoca Cola american stock supply and demand trading trading analysis.
Coca Cola stock is in a clear long term uptrend for many months now, creating new demand imbalances and respecting them. No matter which stock trading strategy you use, the bias on Coca Cola stock is bullish unless you are doing intraday or scalping where shorts would also be allowed. As a long term investor, going short or selling short Coca Cola stock with in such a clear uptrend is suicidal.
As a beginner in trading stocks, we recommend you to stay away from lagging indicators. Looking at price action alone without any interference will help you understand how the stock market works, it will help you learn how to trade stocks easier. How to invest in stocks as a beginner? Locate strong bullish impulses that are printing highs higher than previous highs. The strength of the impulse is key to understand where potential new imbalances are created.
Coca Cola american stock has been rallying for months creating new demand levels and retracing to them. The long term bias is bullish with bullish impulses being stronger than market corrections. Demand levels at $37, $41 and $41 have held really way in such a bullish market.
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KO Defensive which only dropped 10% in Q4Note how KO only dropped 10% when DIA dropped 20%. A strong defensive and XLP constituent, where it is currently outperforming (XO/XLP). It is possible it may not follow DIA to a double bottom.
46.68 is a nice confluence of the Summer 2018 consolidation top and trend bottom, and neatly fits 1Q19 earnings date.