surfingthetrend
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Coca Cola Femsa (KOF) is the company that deals with the famous soft drink bottling. Since its IPO, 16 years ago, grew by 1500%! The biggest break since then was around 50% in the last bear market. Nevertheless, if we look at the long-term chart, it becomes amazing how regular this upward journey was!
Analyzing the medium term, over the past two years the title got support from an upward trend line, which already has seven touch points (in four distinct areas). The TL looks very solid and can be a good indicator of long-term growth, since it has a very realistic amplitude.
Earlier this year it activated a bullish flag and since then has been fulfilling its linear projection. Unfortunately, the projection has been recently achieved, and this projection turned out to be a new high and consequent resistance. My guess goes for a brake to the trend line, a new consolidation movement and then new bullish swing. Both the TL touch and the resistance break are possible entry points.
Analyzing the medium term, over the past two years the title got support from an upward trend line, which already has seven touch points (in four distinct areas). The TL looks very solid and can be a good indicator of long-term growth, since it has a very realistic amplitude.
Earlier this year it activated a bullish flag and since then has been fulfilling its linear projection. Unfortunately, the projection has been recently achieved, and this projection turned out to be a new high and consequent resistance. My guess goes for a brake to the trend line, a new consolidation movement and then new bullish swing. Both the TL touch and the resistance break are possible entry points.
