After coming up short on earnings KO seems to have entered an accumulation phase forming an ascending triangle that presents a possible 5% upside move in the near-term. The 3.5% yield also provides an attractive long-term hold incentive if the current uptrend continues and this pattern plays out in our favor.
Trade stängt: målet nått
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Great gap fill and target reached after earnings. Taking profit here and waiting for reentry.
KO broke out nicely from its ascending triangle pattern and has confirmed support at its previous resistance level. It is a bit of an underperformer compared to some of the other trades but its monthly chart is prepped for a possible upwards breakout and we have seen this sharp rise higher in previous months.