For Coca Cola (KO) no need to analyze the fundamentals. They are good.
I like the chart, I will drink to that a nice cup of frozen coke.
The stock continues its well formed consolidation. That's very good. Once it ends it, it will move up in a nice way.
Strategy
Wait for (e) to end (I will update the chart once it does) and open a long position
Then increase position above $46.25 (more aggressively)
a more conservative approach is to wait for $46.25 - $46.50 and then start to buy.
Disclaimer
Trading has potential rewards but also potential risks. Therefore don't trade with money you can't afford to lose.
The provided analysis and comments are not a recommendation to buy, hold or sell stocks, futures , indices, forex, cryptocurrencies or commodities .
The past performance of any trading system or methodology is not necessarily indicative of future results.
Please do your own extensive study before deciding to invest or trade.
I like the chart, I will drink to that a nice cup of frozen coke.
The stock continues its well formed consolidation. That's very good. Once it ends it, it will move up in a nice way.
Strategy
Wait for (e) to end (I will update the chart once it does) and open a long position
Then increase position above $46.25 (more aggressively)
a more conservative approach is to wait for $46.25 - $46.50 and then start to buy.
Disclaimer
Trading has potential rewards but also potential risks. Therefore don't trade with money you can't afford to lose.
The provided analysis and comments are not a recommendation to buy, hold or sell stocks, futures , indices, forex, cryptocurrencies or commodities .
The past performance of any trading system or methodology is not necessarily indicative of future results.
Please do your own extensive study before deciding to invest or trade.
Comment:
sub wave (e) continues to unfold. Once it ends I will update the chart.