KO, Set buy limit order with other cancels other for target/stop, still learning. It opened higher today but the bears were able to bring it back down again which made it a filled green candle.
Buy Order: 43.50
Target: 45.50
Stop: 42.50
Time Frame: March 12th
While carbonated soft drink volumes fell in the U.S. in 2016 for the 12th consecutive year. The Consumption of Diet Coke dropped 4.2%, compared to its rival PepsiCo Inc, Diet Pepsi that declined around 9%. However Coca-Cola's own numbers show a 4% decline in Diet Coke's volume in U.S. which it means the reason why this company is always trying new formulas to keep...
we had divergence on the stochastics on the last couple of price lows, and now we have what seems to be a falling wedge breakout. Also, watch for a break on the RSI resistance.
A pretty simple analysis that shows that Coca-Cola Co might be facing a drop as a result of a bearish trend change produced by a Head & Shoulders pattern. This said drop could have a 3.31% fall-off until it reaches an approximate 43.7x zone.
An intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement close to 50.00% of Fibonacci retracement
NOTE: ENTRY RANGE AREA ABOVE THE ENTRY POINT, IS CALCULATED UPON 80% OF THE RECORDED PULLBACK BACK TESTED PAST PERFORMANCES
DETAILS ON THE CHART
DISCLAIMER: THIS IS A TECHNICAL ANALYSIS STUDY, NOT...
