10% Pullback on KO
Nice bottom formation. Added a round lot to my dividend investments account. Stocks like this are going to look really good in a few months, I plan to hold indefinitely.
Trade active
BOUGHT 100 shares @ 48.50Note
Hammer is getting painted on the daily. Might see this one pop up tomorrow. I was tempted to back up the truck, but there's still a possible draw-down even tomorrow or the next day for lower prices. Note
Anyone paying attention the broad market indexes can see that we're scaling back. KO is doing its own thing (for now). I'm not anticipating a wild pullback on KO, but all ships move with the tide, so tempering expectations, I revise the above to say that price action could potentially move lower to the $45-47 range over the next week. I'm holding fast to my shares since I am DCA'd @ $34.Note
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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.