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Cocacolasignals

COCA COLA preparing a final rally to $62.00The 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 Bearish Megaphone patterns with underlying common characteristic, the Lower Highs Zone, which effectively keeps KO still within the Bear Cycle that started on the April 25 2022 All Time High (ATH). With the 1D RSI backing up the pragmatic correlation that the wave-length has one more extension to give, we remain bullish on Coca-Cola, targeting $62.00, which is marginally below both the bottom of the Lower Highs zone as well as the 0.936 Fibonacci retracement level, which is the symmetrical level where the December 14 2022 Lower High was priced at. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:KOLong
by TradingShot
Coca-Cola fall back to 1.618Coca-Cola fall back to 1.618 This chart shows the weekly candle chart of Coca Cola Company's stock from the end of 2019 to the present. The graph overlays the bottom to top golden section at the beginning of 2020. As shown in the figure, after peaking at the end of April 2022, the stock of Coca Cola Company broke out of the large triangle fluctuation and consolidation trend. In October 2022, after stepping back on the bottom of the graph to the top of the golden section at 1.382, it also broke out of the triple shoulder position of the head, shoulder, and top! At present, Coca Cola's stock has fallen back to the bottom of the chart, which is 1.618 on the golden section. In the future, this position will serve as the watershed for judging its strength!
NYSE:KO
by Think_More
COCA-COLA Rejected and pulling-backThe Coca-Cola Company (KO) got rejected on the Lower Highs trend-line cluster of April May and is pulling-back. A test of the 1D MA50 (blue trend-line) while forming a 1D Golden Cross with the 1D MA200 (orange trend-line) would be very healthy for the long-term growth of the stock, which is perfectly trading on a Fibonacci Channel Up. The 1W RSI also got rejected on its own late February Lower Highs trend-line, so a weekly candle close below the 1D MA50 can kick-start further selling towards Fibonacci 0.5, even 0.0 (bottom of the Channel). Until that happens though, the pull-back should be bought, targeting the 1.5 Fib and by Q3 2023 the 2.0 Fib. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:KO
by TradingShot
COCA-COLA showing strength but needs to avoid this fractal.The Coca-Cola Company (KO) has been having an impressive non-stop rally ever since the March 10 low as last week it broke above its yearly High. With the 1D RSI approaching the overbought zone of 70.000, exhaustion for this rally may be close. In fact, it resembles the September - November 2020 sequence, as it just flashed a Red Ichimoku, which on the 2020 sequence was a bearish reversal signal. If the price fails to break the 1.236 Fibonacci extension, be ready for a pull-back that can reach as low as the 1D MA200 (orange trend-line). On the other hand, a closing above the 1.236 Fib, could deliver a rally extension similar to December 2021 - February 2022, that reached as high as the 2.0 Fib extension. On the current sequence, the 2.0 Fib is around $68.50. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
NYSE:KO
by TradingShot
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