COCO- COLA - Case Study - Only for Learning Purpose
Already given sell signal on 16t-June 2021- the Bullish Channel is broken on 16th June with a bearish Marubozu
Technically it was weak in last week already given sell signal (shooting Star on weekly CHART)
Shorting levels - 54.5 -56$
Stop loss 56.5 $
Targets 53.3 - 52.3- 51.3- 50 - 49- 48$+
Time duration 1-2 months - Holding period
Already given sell signal on 16t-June 2021- the Bullish Channel is broken on 16th June with a bearish Marubozu
Technically it was weak in last week already given sell signal (shooting Star on weekly CHART)
Shorting levels - 54.5 -56$
Stop loss 56.5 $
Targets 53.3 - 52.3- 51.3- 50 - 49- 48$+
Time duration 1-2 months - Holding period