Almost half of Coca-Cola's pre-pandemic revenue came from selling products at sporting events, movie theaters, restaurants, concerts and other social events, and the pandemic and restrictions have dealt a huge blow to Coca Cola. There was a slight improvement in the third quarter as restrictions were eased in many places and the situation began to recover....
Activation of the transaction only when the blue zone is fixed/broken.
The idea is to work out the resistance level .
* Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea...
KO just broke above the 200 SMA and the 50 SMA and on the Macd the blue line is crossing the orange giving signals this is a buy. Currently, KO is trying to break out of a slight downtrend. KO has a good probability to go to $55 but there has been a double top earlier showing resistance at $55. I
KO is providing a very nice dip and consolidation to start to add or average down on some shares of $KO. A great value company currently at a discount that provides a great dividend. Not a bad idea to look into them as a stock to add to a long term portfolio. I added some shares in this consolidation as well. Earnings are coming up very soon so if you want to wait...
I'm liking the oversold conditions for Coca-Cola (KO) for long term holding and dividend investing.
I will be adding more shares once the market opens in the morning.
2021 is presenting some pretty good opportunities to invest in durable, long term companies.
NYSE:KO stock has been oversold. It's hovering over strong support. Play could be here entry price 48.37, potential target 51.23 and SL 47.13
Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational purposes only. All advice is based on technical and my own opinion.
The Coca-Cola Company is a nonalcoholic beverage company in the world and one of the world's most recognizable brands. It is home to more than 500 beverage brands, some 20 of those billion-dollar-brands, including four of the top five soft drinks: Coca-Cola, Diet Coke, Fanta, and Sprite. In addition to soft drinks, it markets waters, enhanced water and sports...
KO had 4 down weeks in a row, we're now at the 200 week MA. There are signs that the downtrend could be weakening so I will be watching it for a reversal soon. Depends if it follows through on that last big red candle. If it follows through and breaks the 200W ma, I'd expect the correction to continue.
As a 128-year-old multinational beverage giant, The Coca-Cola Company is a staple in any portfolio.
In the post-covid era of high growth tech stocks, boring bread and butter companies such as Coca Cola have been relatively underbought. It has severely underperformed the SPY, analysts estimate 2020 revenue to decline by 11%, and covid shutdowns have affected its...