padedayo
Long

Trade Idea on Coke

NYSE:KO   COCA-COLA CO
COKE is done well in October and November rally and pull back to the 20 EMA and a rally and a pull back to the higher low to the 20 EMA . This is a good bullish setup for about a $1 or approximate.

Trade Set up with an
Entry at $49.70,
Targets for $51.50 and up to $52.50 with a
Stop at $48.80.

This is a bullish trade set up and traders can either buy Long calls for January or February 2019, buy LEAP calls for January 2020, buy the stock.

Technical analysis was driven by Fibonacci to predict the targets and with a 3:1 risk reward
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