Dec. 25 at 1:20 PM
Actionable Trade Alert for
$KO:
Market Context:
$KO is currently trading at
$70.11, positioned between its 60D high of
$73.23 and low of
$65.84. The RSI at 47.25 indicates a neutral momentum, suggesting potential for upward movement if buying pressure increases.
Directional Bias: The price is below the 30-day moving average (MA30) of 70.96 but above the 50-day moving average (MA50) of 70.31. This indicates a potential bullish reversal as the price approaches key support levels.
Trade Plan:
- Suggested Entry:
$70.50 (slightly above the last close to confirm upward momentum)
- Stop Loss:
$68.50 (to limit downside risk)
- Take Profit Targets:
1.
$72.00 (approx. 2.1% gain)
2.
$73.00 (approx. 4.0% gain)
3.
$82.00 (approx. 17% gain)
With the current metrics, this trade plan offers a favorable risk-reward ratio, targeting a significant ROI on the third take profit.
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