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Cokeanalysis

COCA-COLA $KO - Feb. 20th, 2024COCA-COLA COMPANY NYSE:KO - Feb. 20th, 2024 BUY/LONG ZONE (GREEN): $60.10 - $63.00 DO NOT TRADE/DNT ZONE (WHITE): $58.85 - $60.10 SELL/SHORT ZONE (RED): $56.65 - $58.85 Weekly: Bullish Daily: Bullish 4H: Bullish Currently holding a long position in NYSE:KO , price just broke above my next bullish target so I decided to chart some new target and support levels. I quickly labeled what I had previously looked at to enter my long position. Shown is the first bullish zone I looked at, a second zone that was broken to the upside, supported and broken structure, and most recently a range between 58.85 - 59.85, lasting from Dec 29th, 2023 - Feb 1st, 2024. Price had a strong break above this range and then shortly after fell back into the range zone, which became the new DNT area I have drawn. Today, there was strong bullish momentum that broke out of the zone around 60. Price targets to the upside are drawn up to 63. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
NYSE:KOLong
by TonyAiello