Looks like we're in one big correction. Lower time frames are indicating sell setups! What's your outlook on the Coca?
NYSE:KO stock has been oversold. It's hovering over strong support. Play could be here entry price 48.37, potential target 51.23 and SL 47.13 Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational purposes only. All advice is based on technical and my own opinion.
When we smell the air that a bear is coming it comes faster than we think but the smell is definitely their! And thats what it is showing here on multi timeframe analysis- BEARISHNESS ATLEAST for 2-3 days or more. Coming week it can touch the indicated Red line as target and SL above Black line
Coca Cola seems to be in a very good position for a buy right now.
Following my last idea about Coca - Cola I opened a long position in KO. Price has reached my preferred zone to execute a long position. SL is appropriate regarding my risk tolerance. My entry is 50.08 with SL 46.58.
Long Coca Cola still, maybe it will get a pullback but it was rejected on the RSI and possibly will continue up. Either way it may shed a couple dollars before heading back up to the 60 dollar range.
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...
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...
#InstintoFinanciero Datos que observo que me llaman la atención: # Rebote en el 61,8% # No logra sobrepasar la EMA(200) # Bajó el volumen # Presentación de estado de resultado