Razvan
Short

Coca-Cola - Smelling a Head and Shoulders

NYSE:KO   COCA-COLA COMPANY (THE)
309 6 4
It really looks like the price is drawing a Head and Shoulders . A break from the latest patter ( Rising Wedge ) would give this theory more power, while a weekly close above 42.00 would minimize the chances for it to be accomplished.
Next week I short Coca cola !
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Now has to be short !
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Razvan vaicru
A short has a good probability!
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The price is near the trend line, continuing with the down move and confirm the H&S or will it draw a triangle?
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never liked ascending necklines with H&S tops
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Razvan QuantitativeExhaustion
They are not my favorite either, but they still work. Especially on these big time frames. Why do you prefer the descending necklines?
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