Hello everyone, I noticed an ascending wedge on the daily coca cola stock. I suggest ti short until the green support line, and then long until it touches the dynamic resistance of the channel.
I think you are correct with the downside, its only a matter of when. The next exit point for me is ~54.65 or 54.80 range. I believe we will get close to your short on dividend payment date (Dec 16th, 2019). It's only logical that it should work this way. Correct me if I am seeing this wrong.