Bearish ButterflyBearish Butterfly with bearish divergence. Price is starting to approach some pretty significant areas of resistance too.
CCCOCA-COLA CO CEDEARS EACH 5 REP 1 COM USD0.25
14.15USDD
−0.15−1.05%
At close at Jun 18, 19:31 GMT
USD
No trades
KOC trade ideas
KO: Simple trade ideaKO moved out of the downward channel.
While KO has been in the channel, it formed a three-wave structure which is corrective. If this correction is over, the price should go above the starting point of the correction.
To make sure KO is in the uptrend, the high of yesterday's bar can be a stop-buy target as the entry point.
The initial protective stop can be 41.93 which makes the current upward move three-wave if breached.
The initial target would be the start of A which is 48.62.
Nice risk-reward ratio to consider to my eyes.
More charts can be found at www.white6intelligence.com
The Coca Cola Company (KO)KO is suited for conservative investors. A dividend yeld of 3.69% is very interesting at this point.
Earnings growth probably will resume is the second half of 2018, with an estimated EPS of 2.10 USD in 2018 and an EPS of 2.25 USD in 2019.
Annual net profit: 8.2 billions
Total debt: 47.6 billions
KO getting close to bouncing off its last support on the 4hrAfter revealing the earnings report, there has been a bearish sentiment on it in the opening hours.
Seems that the share holders out there still like Coca-Cola in bottles (something that KO is abandoning).
Even though the earnings is in line with estimates it seems the profit takers are out there along with maybe a few bears that has helped the value be pushed down.
Ive set a small order to capitalise on this with my etoro account to capitalize on if the value hits its last level of support as this may shake a few of the bears clear and get some bulls back in on the action.
#KO #stock #long
On the daily the KO has formed an inverse H&S, a very bullish formation. The MACD is poking up and so has the Stoch RSI. The obv is not great, but it is not all that bad either. Expect a 1.61 RRR. I would shoot for a Jan19 $42 strike price call, bid ask 3.85 4.0.
*****side note 1****
KO is a good proxy gauge for the overall market. The stock is less volatile and there is less noise around it. The stock looks like it may have found a near term bottom inside of it's longer term bearish distribution. KO and the broader stock market may be near an important low for the year, thus there maybe some buying opportunities.
****side not 2****
these ideas are just my personal opinions. I am not investment guru. Take them for what they are
Weekly
Higher low has formed in the stock. MACD looks to be setting up for an upward breakout. OBV has held steady during recent slump, suggesting core institutional investors still like the stock and are now easily swayed by recent market turbulence. Stoch RSI also looks to be setting up for an upward move.
KO Coca-Cola Long Trip BottomLooks like a trip bottom forming on daily. Charts look good on the Weekly as well in my opinion. Good setup with a relatively tight stop.
Always base your trades on the possibility of it going wrong and adjust your risk accordingly. Never risk what you cannot afford to loose. Good luck everyone!
Tips are always welcome and will encourage us to release more setups. Thank you! : )
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