Coke dripping out of its channel
Updated
Looks to me as if Coke does the opposite of what it did 1998 to 2006.
Spiked (pun intended) during last 'recession' (2008)
The widening rising channel suggests drinking water this time.
Maybe Cuba-libre afterwards ?
Spiked (pun intended) during last 'recession' (2008)
The widening rising channel suggests drinking water this time.
Maybe Cuba-libre afterwards ?
Note
Jokes aside, I wouldn't be surprised if Coke actually went up 2019/2020.If there's going to be another recession like 2008 (or worse), most stocks will get dumped (if they aren't already).
Where will they seek refuge? In a commodity which is always needed.
Food, Oil, Gold etc.. look at those, they all peaked in 2008 and got dumped 2009.
Note
:)Note
niceboth sides 'been served
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.