Mornau-Research

KO - Remember Coca Cola ?

Long
NYSE:KO   COCA-COLA CO
Good morning fellow investors, after several weeks it's time to take a look at Coca Cola again. NYSE:KO

I wonder if somebody remembers the analysis i published a few weeks ago, in which i suggested to go long.
After a rough ride coca cola finally broke out of the boring sidewards movement and started wave 3 with high volume!
I expect that coca cola will reach prices of atleast 56$ until a short wave 4 correction will start.
After this correction new ATH's are in reach and we will very likely reach prices of 60$ or even more. So stay tuned!

The RSI shows first signals of a "overbought" situation, this should be a warning signal.
Neverthless i am holding my positions and will put the stop-loss on entry very soon.

1# Long 14.9.2020
Long at: 50.29$
Profit Targets: 65$, Longterm 70$-80$
Stop-Loss: 46.86$


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If you have questions related to a specific stock or the Elliot Wave theory, feel free to contact me.
Trade active: Still long since 14.9.2020....
If you should have any questions or want to get signals before i publish them on tradingview, feel free to contact me.

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