COCA-COLA COMPANY
KO
- Feb. 20th, 2024
BUY/LONG ZONE (GREEN): $60.10 - $63.00
DO NOT TRADE/DNT ZONE (WHITE): $58.85 - $60.10
SELL/SHORT ZONE (RED): $56.65 - $58.85
Weekly: Bullish
Daily: Bullish
4H: Bullish
Currently holding a long position in KO , price just broke above my next bullish target so I decided to chart some new target and support levels.
I quickly labeled what I had previously looked at to enter my long position. Shown is the first bullish zone I looked at, a second zone that was broken to the upside, supported and broken structure, and most recently a range between 58.85 - 59.85, lasting from Dec 29th, 2023 - Feb 1st, 2024. Price had a strong break above this range and then shortly after fell back into the range zone, which became the new DNT area I have drawn. Today, there was strong bullish momentum that broke out of the zone around 60. Price targets to the upside are drawn up to 63.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
BUY/LONG ZONE (GREEN): $60.10 - $63.00
DO NOT TRADE/DNT ZONE (WHITE): $58.85 - $60.10
SELL/SHORT ZONE (RED): $56.65 - $58.85
Weekly: Bullish
Daily: Bullish
4H: Bullish
Currently holding a long position in KO , price just broke above my next bullish target so I decided to chart some new target and support levels.
I quickly labeled what I had previously looked at to enter my long position. Shown is the first bullish zone I looked at, a second zone that was broken to the upside, supported and broken structure, and most recently a range between 58.85 - 59.85, lasting from Dec 29th, 2023 - Feb 1st, 2024. Price had a strong break above this range and then shortly after fell back into the range zone, which became the new DNT area I have drawn. Today, there was strong bullish momentum that broke out of the zone around 60. Price targets to the upside are drawn up to 63.
This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas.
ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
Comment:
Price is currently reapproaching the bullish zone that is drawn on the chart starting at $60.10 for a second test after falling into the DNT zone. 1H price has strong bullish momentum heading into the bottom of the zone.
TRADING WITH TONY, ACCESS TO MY PRIVATE TV CHARTS:
discord.gg/zEq4TgJFKe
discord.gg/zEq4TgJFKe
Bullish Zone: $60.70 - $63.00
DNT Zone: $60.10 - $60.70
Bearish Zone: $56.65 - $60.10