649bruno
Long

COCA-COLA Breakout To All Time Highs: Part 2

NYSE:KO   COCA COLA CO
31 0 1
When constructing your charts, always look left because structure leaves clues. If you saw my commentary on KO             before it went on to a series of all-time highs, I thought that KO             would break out of its extended trading range. It did indeed break out. So, what is a realistic expectation for profits? First, a Fibonacci extension . This will give you a good idea of where to sell your position. However - I would like to share with you an additional guide. In the chart above I have constructed a trading channel for the break out. Please note that the trading channel was measured and is the same distance of impulse leg X to A. Yesterday I sold my KO             August $43 calls (at this level, the end of the first trading channel), and I am waiting for a pull back and a re-test of $45.50 to $46.00. Yours for better trading, Don
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out