Dec. 11 at 10:27 PM
Actionable Trade Alert for
$KO:
Market Context:
$KO is currently trading at
$69.24, showing a bearish sentiment with an RSI of 36.92, indicating oversold conditions. The price is below the 30-day moving average (MA30) of
$70.68 and the 50-day moving average (MA50) of
$69.64, reinforcing a downward trend. However, the price is near the 60-day low of
$65.35, suggesting potential support.
Directional Bias: Given the low RSI and proximity to the 60-day low, there is potential for a reversal.
Trade Plan:
- Suggested Entry:
$69.50
- Stop Loss:
$68.00 (1.07 ATR below entry)
- Take Profit Targets:
- Target 1:
$71.00 (2.15% ROI)
- Target 2:
$72.00 (3.10% ROI)
- Target 3:
$81.00 (16.87% ROI)
This plan allows for a strategic entry with a favorable risk-reward ratio, aiming for a significant return on the third target.
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