The best trade I made so far.

I didn't actually do much of active trading until just awhile ago, I was mostly doing passive investing instead.

However, there was a trade I made where i felt like the entry and exit levels were really good.

As a dividend-yielding stock known as a dividend aristocrat, I expected valuations from analysts to be reasonable and easy to prove (due to constant dividend growth.)

Now, i dont have the exact screenshot of what analysts believed Coca Cola to be valued at during that time, but this is what it looks like now:

As you can see, the average analyst price is at 68$ a share, while the current price is at 63$ and ofc was around 58$ when I made the trade.

The price brokeout of the 58$ level (indicated by the blue line)

As you can see, it broke out directly after the trade I made and it hit another resistance level indicated by red before falling back down to my purchase price, which usually I would see as confirmation if price found support near the initial breakout, which it did.

Afterwards, I sold to take profit once it eventually hit a major resistance level as indicated by the massive red block, i made the right call and price basically plunged directly after hitting the resistance level at 61$.

Price then found support at the initial breakout price and i would've bought again if i noticed it, but at this point i had taken profit and forgotten about it.

The total profit I made in terms of % is around 6-6.5% as seen by the white price range.

Unfortunately this wasn't a sizeable bet, I just wanted to qualify for a promotion but made a very clean trade in the meanwhile.

I hope this helps, though usually for breakouts i'd wait after the breakout point turns into a verified support (as we saw happen) before taking the position.