Buy on 1 hour chart
Buy on 7h chart
Buy on 3 day chart
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As you can see we got a descending triangle pattern I'll wait for a bounce at the TRENDLINE SUPPORT around 44-45 then go for a buy
Targets: 50 -52
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KO seems to be attempting it's 4th break above resistance at $50, post-crash. So long as the overall market holds, I believe it breaking above $50 is highly likely this month. If KO does break above $50 while abiding the ascending channel in the chart, I believe KO could reach $55-$60 with a momentum swing within the next 6 weeks. I picked up September 18th $50...
$KO - Favorite value stock post COVID. Multi time frame analysis.
1W - Solid bullish tendency. With a 15% average price correction every bullish trend. Tendence line is working as support. Even on smaller and actual time frames.
1D - Lateralizing on zone 43 - 50. Important resistance on 50 USD. Good volume indicating possible accumulation. Weekly trendline...
Analysts suggest to Buy. The Target price might be set to 55.00 USD.
Prices are moving horizontally inside a channel (in trendless condition) and, based on Technical analysis, the idea is to buy - go long - only if the resistance level of 49.00 USD (I would suggest 50.00 USD) will be broken.
There is still an option that the resistance of 49usd will not be broken...
Ranges are repeatable trading chart patterns.
Ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
Whatever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout...
Strong support 29 - 34
1) The trendline since 1989
2) Previous 2007/08 resistance level start to act as a support
3) Fibonacci retracement 62%
4) 50% drop from the recent high guides the price exactly to the green box, acting as a support.