Coca-Cola (KO): Strength in Uncertain Times
After not taking a look at Coca-Cola for quite a while, it's definitely worth analyzing. As one of the biggest assets in the stock market, Coca-Cola seems to have the most resistance with a relatively low risk/return profile, making it very interesting in times of uncertainty. A shift from risk-on assets to risk-off assets could happen easily. Just by looking at the latest rise, we can see that while there was a big sell-off in all stocks, 
KO only fell by about 1.2%. This showcases the strength I am talking about.
After finishing Waves 1 and 2, we got the structure shift for a possible bullish rise. Because the intra-waves aren't very clear onKO, we are looking at it from mostly the market structure perspective. Two points are highly interesting: the 3D POC just above the 3D Demand at around $60 and the Weekly Demand at $54.
We are looking for a possible long bid on Coca-Cola but will wait for the opportunity to come. When it does, we will share it with you, of course. 🤝
KO only fell by about 1.2%. This showcases the strength I am talking about.After finishing Waves 1 and 2, we got the structure shift for a possible bullish rise. Because the intra-waves aren't very clear on
KO, we are looking at it from mostly the market structure perspective. Two points are highly interesting: the 3D POC just above the 3D Demand at around $60 and the Weekly Demand at $54.We are looking for a possible long bid on Coca-Cola but will wait for the opportunity to come. When it does, we will share it with you, of course. 🤝
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