Coca-Cola: week 8, hugging its highs
Coca-Cola dips 0.8%, but higher lows hold in week 8 of the buy signal
Coca-Cola: week 8, hugging its highs
Our view last week
Coca-Cola is in week 7 of a buy signal, up 4.11% since entry. Signal strength has slipped to 29 out of 100, fading, while the setup quality indicator holds at 77 out of 100, in a tension/maturity phase: the stock ranks 113th among the 125 open buy positions in US stocks. The price is hugging the highs, little room before the next resistance; earnings are approaching, on July 28.
This week's summary
Coca-Cola's weekly structure stays solidly bullish — moving averages aligned, ADX climbing — but the week just closed gave back 0.8%, with candle bodies fading and sellers slightly ahead in the last bar. The stock sits a step from its all-time highs, with thin margin before the next technical hurdle, while the setup quality indicator flags tension at 79 out of 100. The trade is up 3.3% since entry, in week 8 of a buy signal.
IQS Phase
79
in tension
Signal Strength
33
medium · weak
Sizing
REDUCED
Ranking
#107 / 129
US stocks in progress
Trade P&L %
+3.30%
from signal to today
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