Is KO going to reverse? NYSE:KO
Perhaps KO is coming to the place where it it should be paid more attention to. I hope it will return to the main uptrend, although the earnings report may change the game.
CCC3 trade ideas
Coca Cola may be showing signs of a positive recovery Just over a year ago, Coca Cola was trading at an all time high of $60, but the price tanked by about 38% in a month following the onset of the Corona Virus. Since then, it has been increasing slowly and steadily in a rising channel and finally crossed its 200 MA yesterday. I think that as world starts to recover from the worst of the virus's effects, this share should once again reach its prior high in the coming months. As an added bonus, it boasts a dividend yield of 3.37%.
Low risk KO Swing TradeThere are two longer established trend lines that predate covid in part and then carry over into today. This looks like a swing opportunity where you want to STOP LOSS a bit below the bottom trend line and SELL for gains toward the top trend line. low risk opportunity.
In addition to the chart pattern KO is a staple American brand and I anticipate changes in government to bring about the American spirit.
As well as the growing difficulty of the market landscape (as evaluations get higher) makes this more consistent name attractive for people to offset their risk.
Coca-cola on monthly, weekly, daily,5minCoca Cola on monthly in the green scd band. Mostly green candles with gapping up.
On weekly gaps from this level. Strong drop down with two candles but no continuation on this week.
On daily from this level before cluster of candles left behind by gapping now projects support across the chart.
On 5min price decline stops in this green projection. Yesterday before closing cluster of candles left behind by gapping up 48.55 level
Let’s see what will happen today and I am looking to buy now.
Coca Cola, many have asked if its at entry pointif you based on the hourly time frame, it has bounced. But we normally enter on the day candle. Please wait patiently.
If you dont mind the extra risk, this is a good bounce on the hourly candle.
We prefer to wait to enter at a higher price where daily shows a good reversal candle stick.
Where to buy Coke Cola #KOCoke Cola is a great long term stock. It has been increasing in value for decades, but of recent has been over stretched. Fortunately for us the world shat itself and KO's value has dropped. So when should you buy it?
There are 2 long term support/resistance areas $48.70 and $44.43 (ish). Let's see how price reacts to these levels and see if there is any buying signals/rejections.
Price is sitting around the $48.70 mark now. If we start to bounce off this line I'll take a position. If price breaks below and heads towards $44.43 I''ll take a position.
In either scenario I will buy buying the under-laying asset. Leveraged. This MASSIVELY reduces my risk. The only way I can loose money on this trade is if KO goes out of business. Not impossible, but highly unlikely, I will be using 2% of my capital to buy in with the view to add more stock to my position over time.
KO Coca-Cola - Buyzone Bottom of Regression on downgradeKO Coca-Cola - Buyzone Bottom of Regression on downgrade
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This content is for informational and educational purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
KO - K.O.?Looking for defensive large cap value names, KO is certainly something to look at. In the light of the massive (out)performance of growth over value the name is probably also not really a "flavor of the day". But with all the frenzy going on out there I don't mind to add a bit of "boring" these days...
KO was on my list for quite some time and after the recent pullback towards the $50 area I decided to give it a shot.
From a fundamental perspective the stock is not cheap compared to other consumer staples, however I like the stock offers a solid 3.3% div. yield. It's a household name with global exposure and a well diversified product offering. In short, a solid all weather stock, suitable for a long term holding.
Technically I use the recent pullback as entry level for the following reasons;
- $50 is a psychological and traded short resistance, turned support level that has held over the past 3 trading days
- The formation of a hammer, followed by a forming Doji on a higher low shows further confirms that buyers and sellers seem to balance out at this level and the slide has halted (for now)
- MACD is still a strongly negative signal, however it seems somewhat stretched and I expect a reversal around these levels
- RSI is week and points towards a positive reversal
- One could argue to spot an inverse pennant pattern, a per-se bearish sign. However, I would counter that the stock is not in an overall downtrend and therefore the pattern is not valid (yet).
Resistance on the climb back up is met pretty much in 1$ steps.
My trade
- Long @ $50
- SL @ $47
- Take profit @ $57.80
I might lift the TP and just let the stock run as a long term dividend play
***This is my personal view and does not represent investment advice. Risk management is key and do not risk what you can't afford to loose***
Coca cola good buy opportunity.Hello everyone,
My name is K, I have been trading for awhile and giving free signal to my close friend but have never publish my idea on Tradingview or any other sites. This is my first time and If things go well, I will keep posting my ideas up here.
I mostly cover US, EU, Australia and forex.
Here is my plan to for Coca cola.
Price dropped down to the support zone give us a good opportunity to buy this amazing company for short term profit and long term investment.
Price is very close to moving average and soon, it will start giving reversal signal and pushing up.
Goodluck to everyone who follow my idea.
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