KO trade ideas
Will the Breakout Hold on KO?This stock is featuring for the first time on our TradingView blogs.
Current setup: Price is trading above $50. We may see another breakout on Wednesday's price action.
Conclusion: A bullish stock with good volume that we will add to the portfolio once the SPX gives us a clearer trend direction.
Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments!
Sublime Trading
KO SHORT based on Long-Term TrendThe long-term trend-line only experienced short-term false breakouts in Apr `13 and May `13; and held in Oct `14, Apr `16, Nov `18 and now in Jun `19. 07 Jun `19 to 24 Jun `19 hit resistance 3 times. Waiting to see if short-term trend-line (RED) will be broken or the long-term trend-line (WHITE). Based on ONLY the long-term Trend-line and the current Resistance at 52.20, I would suggest a short on KO back the 1st (SHORT50%) Target 51.50 > 2nd Target 50.50. If 50.50(YELLOW) breaks, SHORT full position (100%). Otherwise prepare for retest long-term trend (WHITE) at 52.20.