The stock should continue to push upwards. I used Bloomberg's charting software.
Coke is overbought, at the top of it's long held channel, and is showing bearish divergence. Short on Coke
$KO might slow down here, might sell and wait for dip to historical S/R
Hi traders, What do you think about COCA-COLA?
If Coke is able to get down to this long term weekly support level, I think it could be a great investment entry. It also has a great dividend, and is a solid company overall in my opinion.
Following $KOs historical support/resistance channels to help pick out some nice swing opportunities. Barring any dreadful news in markets or externally, and there is considerable risk there to be sure, this dividend fat cat could be nice for a couple swings.
By Andria Pichidi - February 14, 2019 The Coca-Cola Company is one of the top global key players in the beverage industry based and established in the USA since 1886. The firm is in charge of the manufacturing (by franchisees), retailing and marketing of nonalcoholic beverage concentrates and syrups. The billion-dollar beverage giant ranked by Forbes as the...
We had a nice upward movement last week with the ending of Cypher Pattern. All of the targets were reached less than 5 days and broke out the resistance with a bullish hammer. Let's see if we can trade this possible rally.
I see a long to the 786 range coming up there's confluent ideals showing that we go to this range. I am not sure if this happens by the 25th or if we'd need to go into next week. Right now there's tons of strength in the move but the indicators are topping out some in the 1hr and lower frames. A stop at the 618-65 range first before pulling back a little then...
COKE is approaching its support at 160.49 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 195.01 (61.8% Fibonacci retracement, horizontal pullback resistance). Stochastic (55, 5, 3) is approaching its support at 2.6% where a corresponding bounce could occur.
COKE is approaching support at 185.75 (61.8% & 38.2% Fibonacci retracement, horizontal pullback support) where it could potentially rise to its resistance at 219.52 (76.4% Fibonacci retracement, horizontal swing high resistance). Stochastic (55, 5, 3) is approaching support at 1.22% where a corresponding bounce could occur.
COKE reversed off its resistance at 221.74 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially fall to its support at 198.06 (23.6% Fibonacci retracement, horizontal swing high resistance). Stochastic (89, 5, 3) is approaching resistance at 99% where a corresponding drop could occur.
COKE is done well in October and November rally and pull back to the 20 EMA and a rally and a pull back to the higher low to the 20 EMA. This is a good bullish setup for about a $1 or approximate. Trade Set up with an Entry at $49.70, Targets for $51.50 and up to $52.50 with a Stop at $48.80. This is a bullish trade set up and traders can either buy Long...
Coke tested its resistance at 221.74 (100% Fibonacci extension, 76.4% Fiboancci retracement, horizontal swing high resistance) and reversed towards its support at 185.83 (61.8% Fibonacci retracement, horizontal pullback support). Stochastic (89, 5, 3) has reversed off near its resistance at 99% where a corresponding drop could occur.
Coke is testing its resistance at 197.72 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 163.62 (50% Fibonacci retracement, horizontal swing low support). Stochastic (89, 5, 3) is testing its resistance at 97% where a corresponding reversal could occur.
Nov 30 calls at strike $51.50 are $0.10. If KO continues it's trend from October 26th to Nov 30, KO calls at strike $51 will reach $1 for an upside of 10x. Since KO is only 1% from the bottom of it's trend, one could sell at a 50% loss tomorrow if it breaks it's trend for a resulting Risk/Reward of 0.50/10. In my analysis, this play has a 20x greater reward than risk.
Short term have been trading this up as the patterns have been nice for small bullish moves. Now we're at the top of the weekly ascending channel/wedge/expanding diagonal & have had many waves of bearish divergence with no real breakout to the upside for over 6 years. This is the time to start looking for sell setups (one is presenting itself on the 15 min) That...
Looking at history - Coke is very extended and technically overbought. Time to short.