KO - a Warren Buffet Fav setup long from bottom of cycle

2023年7月10日

KO as a long standing Buffet holding- is a slow mover with a decent dividend. For stock and

options traders like myself, it is now well positioned for a long trade. KO's recent pivot

highs were early to mid May with the highest trading volume at $64 according to the interval

volume profile. KO descended mid-May into June 1st and then had a Fib. retracement and

reversal. On the 4H chart, KO price is now at the bottom of the high volume area of the overall

while the RSI / MTF ( Chris Moody) shows relative strengths in the range of 25.

I see this as a classical opportunity to buy low and sell high. Trade specifics are a stop loss

of 59.30 and targets based on anchored VWAP lines of 61 (25% off) 62.5 (50%) and

63.75 (25%). As a low-risk trade for the stop loss compared with the potential profit, I will

devote 5 % of the account to this trade. Once price hits $60.25, I will raise the stop loss to

the break-even price of the entry and the trade will become stress and risk free. I will

select an entry buy focusing down onto the 5-15 minute time frame. Profits from a low

risk trade like this will be re-deployed into others a bit riskier as a means of stratifying

risk and its managment.

2023年7月13日

交易進行

Price on a low volatility rise. Stop loss raised to break-even. Drank some of the
company's products today. Trade is risk and stress free.