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November 02, 2024, 17:00 pm ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
The technical summary data tells us to buy KOF near 80.43 with an upside target of 87.59. This data also tells us to set a stop loss @ 80.2 to protect against excessive loss in case the stock begins to move against the trade. 80.43 is the first level of support below 81.33 , and by rule, any test of support is a buy signal. In this case, support 80.43 would be being tested, so a buy signal would exist.
The technical summary data is suggesting a short of KOF as it gets near 87.59 with a downside target of 80.43. We should have a stop loss in place at 87.84though. 87.59 is the first level of resistance above 81.33, and by rule, any test of resistance is a short signal. In this case, if resistance 87.59 is being tested, so a short signal would exist.
If 82.71 begins to break higher, the technical summary data tells us to buy KOF just slightly over 82.71, with an upside target of 85.17. The data also tells us to set a stop loss @ 82.47 in case the stock turns against the trade. 82.71 is the first level of resistance above 81.33, and by rule, any break above resistance is a buy signal. In this case, 82.71, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
The technical summary data is suggesting a short of KOF if it tests 82.71 with a downside target of 80.43. We should have a stop loss in place at 82.95 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 82.71, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
If 81.93 begins to break higher, the technical summary data tells us to buy KOF just slightly over 81.93, with an upside target of 82.71. The data also tells us to set a stop loss @ 81.74 in case the stock turns against the trade. 81.93 is the first level of resistance above 81.33, and by rule, any break above resistance is a buy signal. In this case, 81.93, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
The technical summary data is suggesting a short of KOF if it tests 81.93 with a downside target of 80.43. We should have a stop loss in place at 82.12 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 81.93, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Coca Cola Femsa S.a.b. De C.v. American Depositary Shares Each Representing 10 Units (each Unit Consists Of 3 Series B Shares And 5 Series L Shares) (KOF) available here: KOF.
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Trading Coca Cola Femsa S.a.b. De C.v. American Depositary Shares Each Representing 10 Units (each Unit Consists Of 3 Series B Shares And 5 Series L Shares) (NYSE: KOF) can be efficient and rewarding, especially in volatile markets, so long as the important pivot points for the stock are observed before making decisions to buy, sell, or short.