/biz/ - Business & Finance

>>12803190

Hokie dokie. Coca Cola Cool Guy Corporation For Successful, Intelligent, And Attractive People has two support ranges on its long term rising trend. Pic related. Blue line is the upper range of support, yellow is the lower range. I entered on Friday with a support target of 44.25, just a hair below the upper range trend line. I will average down when/if it approaches closely to that support. Stop loss is set just below. If the blue trend line breaks, it is more likely the stock will work its way down towards the yellow line. Touching and holding said yellow line will be another buy signal. Breaking below yellow line is a no-touchie signal until some future entry setup materializes.

My point is the stock is in buy territory here, not sell.