We might have a bearish bat pattern on the Daily KO chart. - AB is just over a .5 retracement of XA - BC is just short of the .382 retracement of AB - Looking left we do have structure at point D. Stops go above X, TP 1 @ the .382 retracement of AD.
Entry point at 88,6% Fibo of XA SL at 113% Fibo of XA TP at 61,8% Fibo of AD confirmed by previous structures Perfect ABCD within the Bat Pattern
Buy points are listed on chart. $KO has earnings on 22JUL, let's see if it'll have an affect on $MNST next week. I plan to purchase a few shares and sell before earnings next month, depending on price action next week.
At current momentum, $KO can easily retest 39 since MACD is still bearish and OBV < ema50(OBV)
$GMCR had a ton of potential running into this new year. I mean, who doesn't use k-cups? Management has made poor decisions, causing the stocks decline. When this settles down and regains its footing....its a BUY! K-cups are not a fad and will be around for the next foreseeable future. Especially with its partnership with $KO. For now, just hold off.
Today Coca-Cola is building a nice triple bottom pattern on Us.$40 market price level
KO is currently extremely oversold as it meets support levels at $40. As the price goes back up we may possibly find that the past $41.15 support level now becomes a short term resistance as it is also a gap fill. I expect a lot of profit taking at $41.15. This should just be temporary though as long term KO should break through $41.15 and continue upwards. So...
Shorting Coca-Cola bottling company. Why? Price is near 52 week high. Recent strong rally in price, on no news. Price stopped accelerating upward, slowing/stopping (bulls are done). Consumer sentiment for sugary beverages continues to fall. Biggest sales are Europe which is currently burning the Euro. Price targets * 100 * 91 I'm not confident on the...
KO expected to open at 42.68 for a Gap N Go. Last candle bullish on the hourly. To learn to trade this strategy for free go to www.RealLifeTrading.com
#KO #COCACOLA Long Idea Butterfly Pattern Do you own analysis but I hope this give you some useful ideas, don't forget to hit the like button :) Thanks