COCA COLA - Long Entry
Hello dear Stock Traders
Another day and another DOW30 stock analysis, this time we will take a look at Coca Cola.
KO
I had a hard time counting the elliot wave formations which showed up after the March Drop, Coca Cola had a very heavy correction.
Since the bottom we formed a 1-2-1-2 Pattern , a solid foundation for a healthy uptrend.
This 1-2-1-2 also traded a long time in a triangle, further the price suceeded in breaking out of it.
I am expecting a solid uptrend from here, however the risk in this trade shouldn't be forgotten also.
1# Long
Long at: 50.29$
Profit Targets: 65$, Longterm 70$-80$
Stop-Loss: 46.86$
Another day and another DOW30 stock analysis, this time we will take a look at Coca Cola.
KOI had a hard time counting the elliot wave formations which showed up after the March Drop, Coca Cola had a very heavy correction.
Since the bottom we formed a 1-2-1-2 Pattern , a solid foundation for a healthy uptrend.
This 1-2-1-2 also traded a long time in a triangle, further the price suceeded in breaking out of it.
I am expecting a solid uptrend from here, however the risk in this trade shouldn't be forgotten also.
1# Long
Long at: 50.29$
Profit Targets: 65$, Longterm 70$-80$
Stop-Loss: 46.86$
Trade active
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
If you should have any questions regarding our analysis or elliot wave counts feel free to contact us.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.