Coke Zero?Coke will remain my soft drink of choice however, I will not be buying any of its stock any time soon. Recently KO was suggested as 'safe stock for seniors' however, I couldn't disagree more. Coke has spent the past 20 years climbing up towards its recent, new all-time high but the lasting RSI divergence is quite evident. There's a pretty good chance that this stock loses nearly 80% of its value over the next 7-10 years. Holders should look for the most suitable exit in order to avoid more losses than necessary.
(Wave analysis has been redacted from this marking however, wave-by-wave analysis will be tracked via link in bio).
KO trade ideas
AnalysisHello...As you see on the chart we will have a big probability of a downtrend if we have the breakout with force the vwap indicator and also the support line by a big red candle with a large red volume. But, we will have an uptrend after the breakout with force the resistance by a big green candle with a large green volume. Thanks.
AnalysisOn KO as you see on the chart we will have an uptrend after the breakout with force the resistance line by a big green candle with a large volume. In other hand, we will have a downtrend if we have the breakout with force the vwap indicator and the support line by a big red candle with a large volume.Thanks.
KO on Coca-Cola. KOLooks like today is going to be be "pick the short" day. Zigzag, betting on volatility to flip soon on the daily. A very resonant picture fractally.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
Hypothesis that KO is a predictor of Global Market ConditionsHypothesis that KO is a predictor of global market conditions, seeing that the product it provides is almost essential goods and KO & SP500 will correct until reaches the bottom of the KO ascending trendline ~$50.25, which as of today is a short of around 10% more to go.