Okay my entire is 68.84 what’s your recommended stop loss and exit target
8/16/2024 00:50am
Given your current position in Coca-Cola Company (KO) at a closing price of $68.84, we recommend a stop loss slightly below a key support level to minimize the risk of significant price declines. Here are the details:
1. **Stop Loss**: To set a stop loss, consider the support level of $67.35, which has been identified as a narrow support level on August 14, 2024. A stop loss slightly below this level could help protect your investment from a potential downward trend. This would typically be set at the lower end of the support level to account for potential slippage.
2. **Exit Target**: For an exit target, you can consider the average price target from analysts, which is $70.58. This represents a potential upside from your current position, aligning with the consensus of market analysts.
|Ticker|Name|Date|Resistance Level (Narrow)|Closing Price|Support Level (Narrow)|code|market_code|
|---|---|---|---|---|---|---|---|
|KO.N|The Coca-Cola|20240814|69.6078||67.3513|KO|169|
|KO.N|The Coca-Cola|20240815||68.69||KO|169|
It's important to note that these recommendations are based on the current market conditions and analyst expectations. It's crucial to monitor the situation closely and adjust your strategy if necessary, especially if there are any significant changes in market conditions or company fundamentals.