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Coca Cola Can Disappoint in Next Couple of MonthsBecause a company is a household name doesn’t make it immune to market declines. Coca-Cola stock fell from ~$60 to as low as $36 a share in roughly a month during the 2020 Coronavirus crash. That is about 40% decline, fortunately for the bulls, was followed by a recovery to approximately $55 by the end of the year. Is this a good time to join Coca-cola bulls? The daily chart above makes it possible to analyze KO’s structure from its $60.09 top from an Elliott Wave perspective. The sharp decline to $36.20 can be seen as a five-wave impulse, labeled 1-2-3-4-5 in wave (A).  The EW theory states that a three-wave correction follows every impulse, before the price resume in the direction of the impulse. Another 40% Plunge Threatens Coca Cola Investors That three-wave correction fit in for the advance from March 2020 low. The corrective rally in Coca-Cola stock looks like a triple zigzag, labeled as W-X-Y-X-Z. If this count is correct, the bearish reversal from $54.92 high is the beginning of wave (C) down. (C)-waves usually breach the ending point of the corresponding wave (A).  This means bearish targets below $36 a share are highly probable as long as the price stays below wave (B) high.  Besides, the stock has broken out of major correction trendline and made a short-term impulse-corrective cycle, labeled 1-2. Just like there was a massive sell-off in wave 3 during the COVID-19 plunge, it makes a lot more sense for the price to go down rapidly the same way in wave 3 of (C). In my opinion, there are plenty of reasons to prepare for a drop to the low $36 in the months ahead. What's your view on Coca-cola? Let me know in the comment. Thanks for reading! Veejahbee.
NYSE:KOShort
by Veejahbee
3
Bullish CokeCoke has not recovered since the march drop but was consolidating for some time and printed higher lows as well as an ascending triangle. There is a very bullish TK recross on the 1h and a TK cross above the cloud on the 4h chart, a KUMO (cloud) breakout on the Daily. unfortunately there is a bearish TK cross on the weekly chart however taking the bullish signals on the lower timeframes it could lead to a TK recross on the weekly chart which is the most bullish signal using the ichimoku cloud
NYSE:KOLong
by SnowWhiteJaguar
KO Set To Move Up Before DownI am back to conducting full studies based on all my algorithms. At the close yesterday, KO signaled Sell on my Precise Signal. This is great news as this algorithm is highly accurate and finding price reversals. Particularly, this has found reversal points on 10 of 11 occasions specific to the Daily chart for KO and the determination of a SELL point. I have the full analysis and explanation of all the target price points on my site as usual. I see it moving up over the next 2 to 4 days as displayed and then down over the next few weeks. I am looking for around a 6% drop from the top which is likely close to 51.00. Let me know what you think.
NYSE:KOShort
by StockSignaler
3
Great Potential Swing Trade for Coca-Cola (KO)Coca Cola is well below the 200ma and has now bounced off its support. The stock is also in a bullish channel and with earning coming up and some positive news, it looks like it could be great swing trade for coming days/weeks and for a very cheap price in options! Coca Cola is a safe bet, as we can all pretty much agree, the company isn't going anywhere long term. They recently have made lots of adjustments to their business plans moving forward to adapt to the changing market and become more efficient as a company which can be found here: www.coca-colacompany.com With a rise in the coffee market worldwide, Coca-Cola has recently launched their own product which can be found here: www.foxbusiness.com Lastly, hard seltzers were the quickest growing products in the alcohol market last year with drinks such as Trulys gaining popularity. Much like the coffee market, Coca-Cola is launching their first ever alcoholic beverage and jumping on the seltzers band wagon moving forward, that info can be found here: www.usatoday.com
NYSE:KOLong
by TradeWithZack
Coca cola good buy opportunity.Hello everyone, My name is K, I have been trading for awhile and giving free signal to my close friend but have never publish my idea on Tradingview or any other sites. This is my first time and If things go well, I will keep posting my ideas up here. I mostly cover US, EU, Australia and forex. Here is my plan to for Coca cola. Price dropped down to the support zone give us a good opportunity to buy this amazing company for short term profit and long term investment. Price is very close to moving average and soon, it will start giving reversal signal and pushing up. Goodluck to everyone who follow my idea. Click a like button if you think this is useful. Thank for your support.
NYSE:KOLong
by wildeagle
COCA-COLA ON THE S/R ZONE🙋‍♂️ Hello Stocks Community! Coca Cola is now on the key S/R zone of 2021. You can see my prepared trade with SL and TP! More information about my trading style: I am not a pattern trader. My strategy and edge are based on volume zones where I see Big players were trading. When the market comes there, I want to enter a trade. Every day I identify key levels and key zones, then I just wait for the price to come. Hope it helps, See you next time!
NYSE:KOLong
by Asanato
2