COCA COLA BEARISH ENGULFING PUT OPTIONS OPPORTUNITY

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Reactions to story from Option Trading tips | Technical Analysis, System Trading & Psychology | Street Smart Options Trading
Coca Cola Bearish Engulfing Put Options Opportunity
http://streetsmartoptions.com/ coca-cola-bearish-engulfing-put-options-opportunit...

On Friday, October 3 2008, as the Dow Jones erased all 300 point advance it recorded just as the House vote got underway shortly after the midpoint of the trading session moments following the vote in the House of Representatives to pass the credit market bailout. Coca Cola (KO) was spotted a bearish engulfing candlestick formation after Friday's close. The long tail characteristic of the candlestick couple with strong resistance at 55 levels, further strengthen the possible bearish reversal. With most of the analysts still recommending a strong buy; it leaves plenty of room for a downgrade.

NOTE: COCA COLA IS A WELL RESPECTED COMPANY IN THE BEVERAGE INDUSTRY.

12 minutes ago
Tagged:

* Case Study,
* Chart Patterns,
* Japanese Candlesticks,
* Options Trading,
* Reversal,
* Technical Analysis,
* Downgrade,
* Japanese Candlestick

Option Trading tips | Technical Analysis, System Trading & Psychology | Street Smart Options Trading
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