SLOPolarBear

KO Failed Breakout/Re-test Support

Short
NYSE:KO   Coca-Cola Company (The)
I'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.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.