Closed the position for a profit of about 1.79% on the invested capital. However, I consider this trade only as a breakeven trade. I took the initial entry when it was technically undervalued. However, later, the market shifted into bear mode and the pattern evolved. I added to the position, increasing the total holding to about 2.5% of the net capital, my...
What is a Pair Trading ? - Pair Trading is a market-neutral trading strategy that involves the simultaneous buying and selling of two correlated or related financial instruments. - Traders identify two assets that historically move in tandem and take positions based on the expectation that the spread between the assets will converge or diverge. - The strategy...
Did the big hand selling the coca-cola stock at this point of time. Though it's very difficult to identify the next move however this is just a try to find the distribution in price
KO is trading at lower support of the triangle. RSI(10) trading near the support but it is in a descending triangle pattern.
Cup & Handle pattern in Coca Cola
CHART WILL INDICATE YOU IN ADVANCE "RONALDO SPEACH"
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...
Buy for short term. To learn analysis independently kindly communicate me
The stock is in a dominant trend up. Recently a lower high and lower low price pattern has been noticed on the daily charts. The RSI also seems to have shifted the range from bullish 80-40 zones to neutral 60-40 zones in the past few weeks. Important support levels are marked on the charts. Breaking them may result into corrections. The degree of the corrections...