Chart Patterns & Algorithmic Trader (Jan. 28, '20) (65)
KO Rectangle Channel Pattern
s
Reviewed in CPAT 8/24/20
Coca-Cola Co (KO) is trading in a rectangle chart pattern on its daily chart
between upper trendline $49.28 lower trendline $43.51. A long trade may
be entered if price breaks above the upper trendline with a stop below the
mid-channel level $46.39 and vice-versa. Breakout targets are: $52.2 to
$55.1. Breakdown targets are: $40.6 to $37.7.
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