My strategy is to combine several techniques at once:
+ Price channel and trend line: help me identify the direction of the price,
+ Supply - demand: help me identify the reversal position,
+ Elliott wave: help me determine the cycle of price,
+ Candlestick pattern and price action: Help me correct the position to the order
Another great earnings report from KO.
Stock has acted in a quiet symmetrical pattern in the past so a projection of those moves takes us to $63.
Which is also in confluence with Fibonacci 1-21 extension targets.
Possible a slight pullback before advancing higher as Fibonacci levels are now resistance which should be temporary
will all major stocks popping i see cocacola very undervalue
rettesting a double top
with this bullish market i see easy going to another ath 60$ even 80 $
4H Chart Explanation:
- Price broke the Descending Trendline.
- Bearish CCI.
- Potential Pullback to the Support Zone before continuing the up move towards the Fibo Levels.
Weekly Vision:
Daily Vision:
Updates coming soon!
KO is and has been on an upward trend. It did rise to an all time high last week and dropped a bit (like many stocks after the Dec Jobs Report. Unless something unforeseen happens I believe KO will surpass last week's all time high.
The question here is not whether or not price action is moving higher in the short term, but rather its' how quickly KO moves to the upside. Very bullish here. Should see the 54.90 level tomorrow or the next day. Then 54.99 and our target level to focus on is 55.33 in the next day to several days...a week at the most.
Potential buy opportunity
Price above the cloud.
Thick lchimoku cloud indicating high buying volume.
lchimoku cloud has buying momentum.
Price & MA disequilibrium.
Flat 26 day MA indicating a breakout.
Lagging span low momentum price could drop & continue up.
Price action has broken out higher from the downward trend channel. Looking for bullish movement higher over the next several weeks to target the 57.25. The downward channel should provide support on any downward movement.
Bearish candlesticks suggested further decline to confirm support at 51.3 then possible bounce inside down trend channel . Negative MFI - Stoploss 54 .
Hello everyone, I noticed an ascending wedge on the daily coca cola stock. I suggest ti short until the green support line, and then long until it touches the dynamic resistance of the channel.
