KO coming in for the knock-outAnother "bottom of the line" stock.
As always, don't take this as the "bible"... please do your own research before investing. This is just to give an idea.
1KO trade ideas
Coca-ColaTF: 8 Hr
Coca-cola looks like a pretty solid buy right now for a longer-term, slow chugging move to the upside.
Point of purchaseIf we look at the relationship of the previous time an upward cycle will repeat itself.
To this we must add the fundamental analysis of the actions that coca cola is taking within the company.
COCA COLA - Long EntryHello dear Stock Traders
Another day and another DOW30 stock analysis, this time we will take a look at Coca Cola. NYSE:KO
I had a hard time counting the elliot wave formations which showed up after the March Drop, Coca Cola had a very heavy correction.
Since the bottom we formed a 1-2-1-2 Pattern , a solid foundation for a healthy uptrend.
This 1-2-1-2 also traded a long time in a triangle, further the price suceeded in breaking out of it.
I am expecting a solid uptrend from here, however the risk in this trade shouldn't be forgotten also.
1# Long
Long at: 50.29$
Profit Targets: 65$, Longterm 70$-80$
Stop-Loss: 46.86$
Coca-cola KO will go up after its pullbackCoca-cola after pulling back to 0.5 fib level ($50.16) and finding support there which lined up with 3/1 level now started going up and is slightly getting rejected at the 3/1 gannfan line 0.786 fib level ($51.02). The momentum is still strong but it will continue going up until $53.50 levels which is the top of the 2/1 gann channel and the 1.272 fib level that lines up with resistance level aswell
KO - Secular RotationCoca-Cola is looking really good for a long opportunity. We had a nice break of an ascending triangle formation and it is holding the 200 MA. Positive momentum and the RSI is in a good range. As the tech sector pulls back, I think we will see a nice rotation back into value equities and Coca-Cola is an excellent pick heading into the holiday seasons.
As always, I am not a financial advisor and this is not financial advice. Do your own research and formulate your own theories. Good Luck!
KO - 3.29% Profit Potential - Corridor BreakoutThis week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day.
Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum.
- Breakout past a long correction
- RSI below + Stoch above 50
- MACD above Signal
Suggested Entry $49.85
Suggested Stop Loss $49.34
Target price $51.50
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
$KO Strength above 200 sMAIf $KO can hold its 200 day SMA, I believe this stock can recover to pre-covid levels by year end!
Coke holds above breakout zone. Returning to ATH soonCoke maintained above breakout zone. Should hover around the Fibs before we test ATH's.
$KO LONGLong Coca Cola still, maybe it will get a pullback but it was rejected on the RSI and possibly will continue up. Either way it may shed a couple dollars before heading back up to the 60 dollar range.
KO RETEST $55 UPTRENDThe technical indicators are confirming a positive uptrend to retest 55 and then possibly 60 after the market correction at 42.
Possible stop loss / entry exit points for swing traders can be seen in the highlighted area above.
Please hit like if you found this helpful,
I'm looking forward to your constructive and respectful feedback.
Best Regards, Ev
Golden Cross example on $KO with angular breakout from triangle A nice golden cross and triangle breakout on #KO - possible safety play during market pull back
Breakthrough in Coca Cola?Coca Cola might be getting triggered on a Triangle breakthrough. Yesterday it cleared resistance at $49.86 with strength, if you are thinking of going long the underlaying:
Buy Limit: $51.70 (let the stock clear the gap first)
Stop Loss: $48.86 (if the stock breaks on the downside this level, pattern is invalid).
Breakout KO Ride breakout from 49.80 levels until nearest first resistance. Add position at pullback and continue to ride the uptrend until it breaks dynamic support 50 EMA.
breakout on coca cola my plan: 1. wait for the daily close above the resistance
2. allow the market to pull back and test the backside of the broken resistance
3. look for counter trendline breaks bullish or bull flags in the 1h
Prepare for KO BreakoutKO is forming a Bullish ascending triangle, with a breakout set to occur at $50.
If KO breaks the $50 resistance, we can expect a climb to $52.
10-Day EMA has crossed and remained above the 50-Day EMA, indicating a short term bullish pattern.
