May. 31 at 9:30 PM
$COKE This is what I am looking at Monday. 4 days in a row of higher volume than the 50-day average. Coming off a support line. Also a bullish engulfing candle after a Doji. The RSI and MACD are curling up. This has the makings of a probable uptrend. If this opens up at 50% or more of Friday's candle, around 14.50, and trends over the high of the day with volume, I'll most likely start a position bc the next resistance is the 21 (orange line) around 119.00, and if it trends over that, I would look at adding bc it would now be at the bottom of a gap. My next add would be 50% of that gap, but that's a whole lot of "what ifs". Let's just get over the high of Friday and a possible entry around 116.00. My stop loss would be the low of Friday @ 113.00. I'll do my DD first. Have a terrific weekend.
