Dec. 25 at 2:18 PM
Actionable Trade Alert for
$COKE:
Market Context:
$COKE is currently trading at
$162.04, showing a neutral to slightly bearish sentiment with an RSI of 42.59, indicating it is not overbought. The price is above the 30-day moving average (MA30) of
$163.08 but significantly above the 50-day moving average (MA50) of
$150.98, suggesting potential upward momentum if it breaks resistance.
Directional Bias: The recent high of
$169.49 indicates potential upside, while the low of
$117.08 provides a strong support level. The ATR of 4.13 suggests moderate volatility.
Trade Plan:
- Suggested Entry:
$162.50 (slightly above the last close)
- Stop Loss:
$158.00 (below recent support)
- Take Profit Targets:
1.
$168.00 (4% gain)
2.
$174.00 (7.4% gain)
3.
$190.00 (17.3% gain)
This plan capitalizes on the potential breakout above MA30 and the recent high. Monitor closely for price action.
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