Tag: Coca Cola

Coca-Cola Company Stock Code KO.NYS

Outlook

Price moved and closed below the cloud in the previous trading session, changing the chart outlook from bullish to bearish. The first target would be the recent low at $52.40. A break of this support would confirm a Double Top chart pattern with a price target at $47.54. Conversion and Base lines had a bearish crossover and is hinting at a bearish price trend. Lagging Span is below price of 26 days ago and below the cloud, confirming the bearish trend. MACD has a bearish crossover and is moving lower and hinting at a bearish price trend. If price is unable to close the gap and move above $55.45, the stock price could be heading towards the support at $47.54.

Strategy                  

$53.80                Short Sell

$50.85                Price Target

$55.50                Risk Management Stop

3 weeks              Trade Duration

Coca Cola Company Stock Code KO.NYS

Outlook

Since price broke above the cloud in middle of March 2021, it had stayed above the cloud. In the previous trading session, price broke and closed below the cloud, changing the trend from bullish to bearish. Price also broke below an 8-month uptrend line. Conversion line and Base line had a bearish crossover and is hinting of a bearish price trend ahead. Lagging Span is below price of 26 days ago but is above the cloud at the moment.  MACD is bearish with both its lines below the zero line. If price is unable to move above the cloud, it could be heading towards the support at $51.60

Strategy                  

$54.45                Sell

$51.60                Price Target

$55.95                Risk Management Stop

2 weeks              Trade Duration

COCA COLA COMPANY  Stock Code KO.NYS

Outlook
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.

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