Broke out to new high with above average volume on Monday. Very positive for the stock.
$SODA has broken it's falling wedge on the daily to the upside, and now faces resistance at it's current price level. Here, it could see a retracement, as a gap still remains near ATLs. However, could continue north into value area and rotate POC into consolidation. Time will tell. Neutral short term. Bullish long term.
$SODA closed above its Weekly Fast SMA line (18) last week for the first time since June 2015. Usually I use this to indicate potential shift in trend. The daily Fast SMA line is the preliminary signal and the weekly is a much more reliable one. Other elements to consider when looking at $SODA's charts are the resistance zone near 17$ and the 50 weeks SMA line...
Daily S/R zone and trendline support are being obeyed which provides a nice R/R opportunity to go long. An hourly TL break in addition to momentum divergence and an oversold RSI provides a nice entry at around 19. Target the minor resistance around the nearest missed weekly pivot with a SL below recent lows.
Shorting Coca-Cola bottling company. Why? Price is near 52 week high. Recent strong rally in price, on no news. Price stopped accelerating upward, slowing/stopping (bulls are done). Consumer sentiment for sugary beverages continues to fall. Biggest sales are Europe which is currently burning the Euro. Price targets * 100 * 91 I'm not confident on the...
20-50 MACD Sell Mountly Avarage Under Closed Sell Rsi 50 under and down side sell 50 Days ma under move sell (i Think) Estimate : EPS Revenue 0.18 127.00