KO Trade on May 24, 2022 14:36 from spyrosz: Tradervue User Stock Trades.

Will be damned if this doesn't look like a "Picking Tops" setup, ex. the weak fundamentals part (ok kinda important factor, but a trade is justified).

Got rejected at $66 twice, volatility came and pushed it lower to $60s. Strong rally attempt towards ATHs is suspect and poised to fail.
Lower high & roll-over incoming. At least, that's my bet.

-- Got short filler size in-front of $64 resistance pivot, added full Tier 0 closer to $65=uptrend boundary, risking 50% vs $66 resistance, rest 50% vs ATHs=$67s
-- Want to see seller establish himself, reject price close to $65 and put a lower high here.
-- Main target recent lows=$60s

05-27-2022
-- Added main Tier 0 into my key resistance area=uptrend boundary=$65, same stops as above
-- Main target recent lows=$60s
Reminder Need to be careful here as $KO=consumer defensive, and those names tend to run and/or hold ground at inflationary periods. Not the highest conviction short, mainly technical play (chart looks broken.

06-10-2022
Gap-down into target, covered 30% of size.
Can we get to 200SMA@daily=$59.2s to cover another 50% and feel more comfortable??
If it starts holding showing relative strength, need to reduce more size.

06-14-2022
Unexpected sell-off today after showing strong relative performance all day long yesterday.
Welcome $KO to the club.
Covered below main target=$60s and as it was approaching 200SMA@daily.

06-24-2022
-- Re-loaded small short, stop for entire position above $65
-- Doesn't look promising, esp. with market in short-term risk on mode. Should have left trailer and watch.

06-28-2022
-- Re-loaded a bit more short, tightened stop for entire position above today's HOD=$65
-- Let's see what type of pullback we will get. Ideally, I want to see it trading below $61 coming days...

07-01-2022
Flat here, gave back small % of profit.
(+) Happy with how I traded it, happier with my risk management. Not the same as $MCD