KO Showing Highly Overbought Signals
KO has been trending in this S/D channel for years. Unless Coca-Cola is planning on going parabolic, this thing is most likely going to run back into the channel, test the mid-line, then test supply at the bottom end of the channel. A divergent SMI gives me added confidence in this trade.
If you like this type of analysis and are interested in learning more about my charting style/analysis, check out my trading community at bitcoinschmitcoin.com/
If you like this type of analysis and are interested in learning more about my charting style/analysis, check out my trading community at bitcoinschmitcoin.com/
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