KO - resuming uptrend

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This is my previous ideea on Coke, worked almost as forecasted

Since that ideea has reached its second target, we had a correction and today we have a breakout over the previous high. The MACD looks good, no warning signal there. Note also that the previous high bounced of the 61.8% fib (measured from the big uptrend high to the big correction low), so we have another important level broken. Next important resistance is at 41.42, after that we have two fib levels ( i hope the chart isn't too messy bacause of these retracements), the 74.6% fib from the big correction and the 161.8% from the last small correction (HH to HL).

I have included the DOW in this chart because as in my ideea of Cisco, i find it pretty intresting. If u scroll back a bit you can see that these two instruments had a very good correlation, but look at what happened earlier in the year. Look at the green elipse, that is a consolidation, lateral movement for the DOW. Now look at KO             in the same period, it is much weaker. Now look at the last 3 months, it started to move again with the DOW, so this suggests that it might continue upwards, catching the ground it lost.

Main target is the last big high, the stop loss is under 40.40, where there is very good support, visible on the 30 min chart. I am going to enter long over today's high, if there is an ugly gap i will wait. I am not as confident is this trade as I usually am on the ideeas I publish, so my risk will be smaller than usual
first trading day of 2014, closed my position with a small loss. there is a bearish divergence on the MACD
I forgot to mention how much KO loves fibs, there are fibonacci harmonics in every move, that is why the first target is there ( a bit too close to where we are today, not really worth trading for that target)
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