joellamuca6

$KO - potential upside move to $40-41

NYSE:KO   COCA-COLA CO
At a quick glimpse, we see divergence between stock and indicators.

Stock's price trend is on a downward slope (red line)
OBV, MACD , and RSI are all trending upwards (violet lines), with RSI gradually coming out of oversold levels (30 or below)

This difference in trend direction tells us there is bullish sentiment behind KO - meaning investors believe KO is at a great price to buy - which will eventually result in change in the direction of the trend.

Please feel free to leave any insight or feedback!!


*this is not a solicitation to buy/sell trades, rather notes for personal use*
Entry 37.98
TP1: 39.03
TP2: 41

Comments

$KO hit and even went to 42. nice profits off this play
Reply
justind128 joellamuca6
@joellamuca6, Congrats!
Reply
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