Coca-Cola Trading Analysis (18/10/2024)
The trend is up. The stock is trading in the range between 365 and 135 ЕМА. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an oversold condition.
Trading diea:
- Sell at the beginning of the formation of the ascending wave structure, when wave A breaks the pivot 2 at 77.03 of the descending truncated structure.
- Stop-loss at 76.09.
- Price targets at 78.54 and 82.06.
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