Global Financial Engineering Blog For The Coca-Cola Company (KO)

Global Prop

Global Financial Engineering Blog For The Coca-Cola Company (KO)

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant based beverages; teas and coffees; and energy drinks

We are now bullish on Coca-Cola Company (KO) . The stock trade above our Short-Term Model Down Trend Line in the direction of the Long Term Trend which is bullish.

I would like to design a Trend Continuation Strategy for this stock for our Global Proprietary Equity Fund with an allowance of four(4) times the Daily Average True Range ( 4 x 0.6810=$2.724) below the current price at $48.64 . This will give us an Exit Price of $45.91 if our bullish analysis is wrong.

This is a long term trade with four(4) price targets, four(4) entries and four(4) percentage(%) Risk. The entries will depends on price action at the support zones.

Price Target 1: $56.25
Price Target 2: $62.50
Price Target 3: $68.75
Price Target 4: $75.00

We are now bullish on Coca-Cola Company (KO) by globalfinancialengineering on TradingView.com


Information contained herein is not and should not be construed as an offer, solicitation, or recommendation to buy or sell securities. The information has been obtained from sources we believe to be reliable; however no guarantee is made or implied with respect to its accuracy or completeness. The information and content are subject to change without notice.

About Author

Related posts

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.