andrew.berg
Long

KO bull flag before earnings release

NYSE:KO   COCA-COLA COMPANY (THE)
I like how Coca-Cola consolidates near highs after it broke up range resistance at $41.20 and previous high $41.40. After move up to $42.50, it is flagging near highs with support at $41.80ish.

If it will go through $42.40-.50, then we can see another leg higher. Earnings next week on Tuesday befor market opens could be strong catalyst.

1 to 2 risk/reward makes this trade attractive with high probability chance of winning, as we follow strong trend in strong market.
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