The Coca-Cola Company (KO) is trading within the 1D MA200 (orange trend-line) and 1D MA50 (blue trend-line) following the October 06 market bottom, the lowest level it's been since March 25 2021. This rally since the bottom is technically the (e) - (f) bullish wave of the symmetrical pattern that the stock traded in from April 25 2022 to December 14 2022. Both are...
PepsiCo has confirmed a 3 Line Strike on the Daily at the PCZ of a Bearish Gartley with Bearish PPO confirmation, which I think will result in PepsiCo making at least an 88.6% retrace.
Alcohol consumption
When averaged over two years, 2021-2022, 63% of U.S. adults aged 18 and older consumed alcohol. Gallup, Inc. indicates that "the drinking rate ticks up to 65% when narrowed to adults of legal drinking age" of 21. When segmented based on demographic characteristics:
Eighty percent of adults, 18 and older, living in households with annual...
Ambev after bouncing from the PCZ of a Bullish Gartley has held and consolidated marginally above the PCZ and while doing so has shown signs that it could continue up higher from here without a secondary retest of the 0.786 as it has Recently Broken out of a Bullish Dragon and Bounced from a smaller Bullish Shark on the Daily as well as holding the POC of the...
It appears as though TNY is forming an ascending triangle inside of a descending channel on a log scale chart.
I drew two hypothetical scenarios likely to occur, trading is often never perfect.
On the KST there's recently been a bullish cross, oftentimes throughout the history of the stocks trading, increased price action has followed.
TNY appears to be trading in a descending channel on a micro-level.
Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form within longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices, but only after an upside penetration of the...
When we smell the air that a bear is coming it comes faster than we think but the smell is definitely their!
And thats what it is showing here on multi timeframe analysis- BEARISHNESS ATLEAST for 2-3 days or more.
Coming week it can touch the indicated Red line as target and SL above Black line
$MNST beverage co. hit ATHs this AM then sold off into the afternoon. Stock moves slow but steady. Monster should be in line to report a terrific quarter with monthly sales #'s at all time highs and CFO said they are in line for highest profit quarter in their company history. Positive technical signals w the MACD crossover to positive, above all MAs, volume...
After rally, it is forming a flag. the volume on may 15 is impressive. watch for break out.
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Does this potentially indicate a bottom for NBEV? There's a nice rounding bottom that may form a cup & handle
A cup and handle price pattern on bar charts resembles a cup and handle where the cup is in the shape of a "U" and the handle has a slight downward drift.
A cup and handle is considered a bullish continuation pattern and is used to identify buying...
