The Coca-Cola Company (KO) is trading within the 1D MA200 (orange trend-line) and 1D MA50 (blue trend-line) following the October 06 market bottom, the lowest level it's been since March 25 2021. This rally since the bottom is technically the (e) - (f) bullish wave of the symmetrical pattern that the stock traded in from April 25 2022 to December 14 2022. Both are...
Coca-Cola's stock faced a nearly 50% drop at the onset of COVID-19 but swiftly recovered, forming an impulsive Wave I in April 2022. Since then, it has been in a more extended correction, which might have found support around $51.55. With a strong surge since October 9, the culmination of Wave 1 could be imminent, and we anticipate a Wave 2 correction.
As soon as...
A global icon of beverages, is not just a favorite drink but also an incredibly stable asset in the stock market. It has maintained its value for years making it a solid investment for long-term traders.
I'm buying at these levels with a perspective of holding the asset for at least 2-3 years from now.
Interesting times are coming in the next year. As for coke and for us. I think this is just the beginning of the major move down.
We have gotten a fresh new lower low and all we need is a fresh new lower high to accept this downtrend move.
I am discarding this idea if we close above previous highs.
Potential to see a decent sized exit pump.
I would play it like this.
IF earnings brings us down to like 43, BUY.
IF earnings brings us up to 57-63, SELL.
There are only two really short term trends I could find, they both trend down. The rejection trend is quite strong, I expect this stock, if it tops out, to top out around 71. But it's hard to say at this...
🌟 Seizing Opportunity: Morning Star in COCA-COLA COMPANY (THE) Stock 📈
We're thrilled to spot a "Morning Star" pattern in Coca-Cola's weekly price chart. This powerful signal indicates a bullish reversal, and we're ready to seize this exciting opportunity. As we navigate the world of finance, we believe this iconic brand's resurgence is just beginning. Stay tuned...
recently made nice gains from their ER, daily close over 56.29 and rally to 59-60 trend resistance zone should follow
boost and follow for more! thanks 💜
Will update
Trading opportunity on an oversold dump for some quick profits
Resistance $56-59, should get a bounce from $48-$51 area.
Its possible that KO may have topped out. But its a large cap that's heavily traded (presuming many large traders actively buy & sell to keep a low cost position to reap the dividends).
Large pullbacks like this amount to nice...
If you haven`t bought KO ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of KO The Coca-Cola Company prior to the earnings report this week,
I would consider purchasing the 55usd strike price Calls with
an expiration date of 2023-11-17,
for a premium of approximately $1.14.
If these options prove to be profitable prior to...
Great opportunity here. Price is at support with price action looking good. Coca-Cola will be back at 57 soon. Then we will need to see how strong it is to maybe reach 62s.This chart speaks by itself.
Check the liquidity grab below 53.
Trade idea gets canceled below 51.50.
NYSE:KO
Coca-Cola: The Dividend Dilemma in Changing Times
Investors are grappling with uncertainty about the long-term prospects of Coca-Cola as an investment. While this beverage giant undeniably dominates its industry and enjoys impressive profit margins, changing consumer preferences away from sugary beverages suggest that Coca-Cola's era of robust growth may be in...
