Trading idea for the Coca-Cola Company (NYSE)

20.01.2021

Technical reviews

#KO

The Coca-Cola shares experience a significant correction caused by a negative report amid the pandemic. The support level of 48.20 is holding back sellers. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals an oversold condition.

Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending pattern.
Stop Loss at the local minimum.
Target levels: 51.06; 54.24.

Author: GC
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