long position on CCHMy strtegy is based on price action with the reading of certain indicators that I like whilerespecting all the values that define the stock make
Coca-Cola HBC AG
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Market insights
long position on CCHMy strategy is based on price action with the reading of certain indicators that I like while respecting all the values that define the stock maket
Good Long OpportunityDefensive stocks in the world have so far outperformed the market. This one however hasn't due to the situation in Ukraine. What changed is that Earnings were posted as expected after all, and analysts are upgrading.
Buy CCH Bull flag visibleSpotted a Bull flag on CCH, may yield a good return, Target looks above 29.00 GBP
CCH Ascending Wedge - Consolidation to confirm Long Buy - RR 5:1Coca Cola' stock has recently been reduce in October and is forming a new resistance @ 2482, if the stock continues to have a tight consolidation range of 2418-2482 it can could prove to be a good buy.
If it does continue my game plan would be the following:
Trigger: 2501
TP: 2611
SL: 2479
RR: 5:1
Coca Cola Still Above ResistanceCoca Cola is still holding strong above the resistance level.
If that level continues to hold as support then we could see a potential long trade on the table soon.
The Monthly, Weekly and Daily remain bullish so continue to stay patient before taking a trade.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading
Coca Cola Breaks Out Of ResistanceCoca Cola has broken out of resistance which is what we have been waiting for and was mentioned in this post.
The 50 simple moving average helped push price up and through the resistance level.
The next few days/weeks will be important because we have to see whether price can stay above the resistance level.
We sometimes see fake breakouts where price breaks out then moves back below resistance.
What we want to see is price staying above resistance then using it as support and move further to the upside.
As the period of consolidation lasted for several months we may see a strong trend develop potentially giving traders easy profit.
It will be too early to jump into a trade just yet so we must be patient and wait for the next breakout for confirmation
of an uptrend.
Updates will follow when we see more movement.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading
Can Coca Cola's Fizz see it Breakout!?Coca Cola is a household name and a company many investors may be interested in trading and it is potentially
on the verge of breaking out.
On the weekly chart we can see that price has bounced off the 50 simple moving average where it found support.
The sellers were unable to gain control and the buyers forced price to head even higher.
The 200 simple moving average on the daily chart (not shown) was also used as a support area.
Price trended well from 2016 to 2017 so if a breakout does occur then we may see a nice trend follow as it did in the past.
The consolidation area which price is currently held within has lasted for over 5 months so we shouldn't be too quick to enter a trade
if we do see a breakout. Let price confirm that it wants to stay out of the consolidation area and then look for trading opportunities.
As last week was bullish it will be interesting to see how the coming week will perform.
Any comments or questions, do not hesitate to leave them below. Hit agree if you share our sentiments!
Sublime Trading
CCH - Bullish on this UK stockThe blue count is my preferred count which would suggest a 5th wave is due any time now, but I haven't discounted the orange count which could suggest a much deeper correction before it continues upwards. I will be looking for signs that the correction is over before getting involved in this stock.
