KO - Upside Down Cup & Handle (Breaking Out of Handle)

2021年2月17日

Just did a write up on Cokes kid brother Pepsi, seeing identical patterns on the charts. Bearish upside down Cup & Handle. Anyone who reads my posts knows I love Coke and I'm a long time holder. I've decided to thin out my position in recent days in light of some bearish patterns developing over the past couple months. I plan to buy up more shares when a bottom emerges. Not cost effective to short this tortoise, but that's precisely the trade this pattern calls for at the present time.

2021年2月17日

註釋

Link to Pepsi write-up:

2021年2月27日

註釋

There she blows.

2021年3月3日

註釋

This pattern is un-resolved. If you're looking for a buy entry, this is not the time. Wait. It'll get cheaper. Look at Pepsi.