Dec. 31 at 3:05 AM
Actionable Trade Alert for
$KO:
Market Context:
$KO is currently trading at
$70.07, with the RSI at 49.83 indicating a neutral momentum. The stock is positioned near its 30-day moving average (MA30) of
$70.84 and 50-day moving average (MA50) of
$70.45, suggesting potential resistance around these levels. The 60-day high of
$73.23 provides a target for upward movement, while the 60-day low of
$65.84 indicates support.
Directional Bias: With the RSI close to neutral and the stock hovering between key moving averages, there is potential for a bullish reversal if it breaks above resistance levels.
Trade Plan:
- Suggested Entry:
$70.50 (above MA30 and MA50)
- Stop Loss:
$68.50 (below recent support)
- Take Profit Targets:
1.
$72.00 (2.1% gain)
2.
$73.00 (4.1% gain)
3.
$73.75 (5.3% gain, 17% ROI from entry)
Monitor the stock closely for momentum shifts.
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