Dec. 6 at 2:17 AM
Actionable Trade Alert for
$COKE:
Market Context:
$COKE is currently trading at
$165.71, near its 60D high of
$166.21, indicating bullish momentum. The RSI at 63.3 suggests that the stock is approaching overbought territory but still has room for upside.
Directional Bias: The stock is above its 30-day moving average (MA30) of 148.84 and 50-day moving average (MA50) of 138.57, indicating a strong bullish trend. The current price is also well above the 60D low of 110.6, reinforcing the upward momentum.
Trade Plan:
- Suggested Entry:
$166.00
- Stop Loss:
$162.00 (risking
$4.00)
- Take Profit Targets:
1.
$170.00 (2.4% gain)
2.
$175.00 (5.0% gain)
3.
$194.00 (17% gain)
The third target provides a substantial ROI, aligning with the bullish trend and current market conditions.
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