Entry Signal - Retest of ATH
Hello traders, I am bullish on Coca Cola stock as it managed to break the resistance at $51.5 which in turn supported the price when it was retested earlier this week. I can see highly favorable trade from risk to reward perspective as following:
Entry at current market rate at $52 with SL below $50 depend on your risk management.
TP1 @ $55 and TP2 at $60 (ATH) and could possible go higher though we will need to reevaluate based on pricing structure.
Do you agree? Please share your thoughts and good luck.
Entry at current market rate at $52 with SL below $50 depend on your risk management.
TP1 @ $55 and TP2 at $60 (ATH) and could possible go higher though we will need to reevaluate based on pricing structure.
Do you agree? Please share your thoughts and good luck.
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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.