CFD Trading – Sell COCA COLA Co (KO.NYS) @ $49.00. Stop @ $50.30 and Target @ $46.90


Price broke below the cloud on 7 January 2021 and has stayed below the cloud after an attempt to move above the cloud failed below the upper edge of the cloud. Last Friday, price broke below a recent support at $49.52 and below a rising trend channel. This could be a sign the uptrend has ended. Conversion and Base lines had a bearish crossover, hinting of a bearish trend. Lagging Span is below price of 26 days ago and is at the lower edge of the cloud. MACD had a bearish divergence warning earlier and is bearish. MACD is also moving lower, hinting of a bearish price trend ahead. MACD has also given a divergence warning when price was making a new high. We think price is likely to move lower to the previous low of $46.86 in the next 2 weeks.

$49.00                SELL
$46.90                Price Target
$50.30                Risk Management Stop
2 weeks              Trade Duration

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