"Coca-Cola: Top and Bottom Analysis" by ThinkingAntsOk4H Chart Explanation:
- After this big fall, price seems to be bouncing on the Weekly Broken Ascending Channel.
- After the Pullback and the Support Zone, price has potential to move up towards the Resistance Zones.
Weekly Vision:
Daily Vision:
Updates coming soon!
KOC trade ideas
Buy long term with KOMy strategy is to combine several techniques at once:
+ Price channel and trend line: help me identify the direction of the price,
+ Supply - demand: help me identify the reversal position,
+ Elliott wave: help me determine the cycle of price,
+ Candlestick pattern and price action: Help me correct the position to the order
Coca Cola has plenty of upside
Another great earnings report from KO.
Stock has acted in a quiet symmetrical pattern in the past so a projection of those moves takes us to $63.
Which is also in confluence with Fibonacci 1-21 extension targets.
Possible a slight pullback before advancing higher as Fibonacci levels are now resistance which should be temporary
Short Term Bullish KOThe question here is not whether or not price action is moving higher in the short term, but rather its' how quickly KO moves to the upside. Very bullish here. Should see the 54.90 level tomorrow or the next day. Then 54.99 and our target level to focus on is 55.33 in the next day to several days...a week at the most.