KO Defensive which only dropped 10% in Q4

Note how KO only dropped 10% when DIA dropped 20%. A strong defensive and XLP constituent, where it is currently outperforming (XO/XLP). It is possible it may not follow DIA to a double bottom.

46.68 is a nice confluence of the Summer 2018 consolidation top and trend bottom, and neatly fits 1Q19 earnings date.

Trade closed: target reached:

Well, the first target of 48.90 was reached, and then a short from there would have worked with a 2%+stop (A $1 stop, $2 target).