KO a dividend king a top holding of Buffett LONG
On the 1H chart, KO is well positioned having bounced up from the dynamic support
of the deviation line under the mean VWAP and now approaching the POC line of
the volume profile over the past month. the dual time frame RS indicator shows
lines in the mid-range between oversold and overbought. I believe KO will cycle
up towards the dynamic resistance of the upper VWAP lines. I will take a long trade
here targeting first 62.25 just below the first upper line for 60% of the trade and then
63.15 for the remaining 405 of the trade. The limit entry by buy stop at 60.1 while the stop
loss is under the POC line @ 60.85 the stop loss minimal magnitude sets up a very
good risk to reward ratio. I will take several call options as well.
Leave a comment if you would like to know those details. While much of the market
is sideways or maybe looking to drop, i see KO as diversified and global in its business
insulated from currency fluctuations and a consumer staple and so a solid fortress
from the chaos now available on a relative bargain sale in keeping with the philosphies
of Warren Buffett.
of the deviation line under the mean VWAP and now approaching the POC line of
the volume profile over the past month. the dual time frame RS indicator shows
lines in the mid-range between oversold and overbought. I believe KO will cycle
up towards the dynamic resistance of the upper VWAP lines. I will take a long trade
here targeting first 62.25 just below the first upper line for 60% of the trade and then
63.15 for the remaining 405 of the trade. The limit entry by buy stop at 60.1 while the stop
loss is under the POC line @ 60.85 the stop loss minimal magnitude sets up a very
good risk to reward ratio. I will take several call options as well.
Leave a comment if you would like to know those details. While much of the market
is sideways or maybe looking to drop, i see KO as diversified and global in its business
insulated from currency fluctuations and a consumer staple and so a solid fortress
from the chaos now available on a relative bargain sale in keeping with the philosphies
of Warren Buffett.
Trade active:
KO fell onto dynamic support of a VWAP line long entry at 12:20 with stop loss under
the vwap line as seen linked here
the vwap line as seen linked here