Long KO at 66.98, sold at 66.34

Reasons for entry:
- possible double bottom around 63
- price near lower edge of bullish triangle
- price near support (low risk)

Target:
- 3-month high resistance is around 71.50
- measured move from relative low to relative high is 4.50. This implies target at 71.50.

Sold at 66.34 the next day.

Reason for exit: stopped-out.

One more time, my support line was pierced intraday and I got stopped out of my trade. It's probably true that this trade would not have worked out, but the automatic stop worked against me. If I had waited until the end of the day, I would have probably gotten out anyway, but at a better price.  It's true that during catastrophic falls waiting until market close can hurt, but getting stopped out is pattern in my trading.

In any case, the bullish triangle is failing.  In a day or two we'll know if the failure is confirmed, and in that case my outlook on KO (and the rest of the market) will turn negative.