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COCA-COLA CO

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KO trade ideas

KO making a corrective formation against the ascending trendlineToday we will speak about The Coca - Cola Company. Main items we can see on the chart: a) The price is making a corrective formation (yellow lines) b) Currently that structure is supported on a previous resistance level + the bullish trendline c) The next resistance zone we have is the previous ATH. That's why we are gonna use that level as a target d) Our main view right now is: IF the price reaches the green horizontal line, we will take that as a confirmation for the bullish movement towards the next resistance level Thanks for reading!
NYSE:KO
by ThinkingAntsOk
2
COCA-COLA CO. BOUNCE BACK TOWARDS FROM THE SUPPORT LINEThe Coca-Cola Co. (NYSE: KO) has been in a correction mode since August 16th, when it hit resistance at around 57.50. It hit the support line on Friday last week formed from the beginning of the year with Doji candle, and experts expect the market reaction today. Today's response is not late, as the action bounced off the support line with a solid green bar, with investors hoping for a new peak. Even though the stock is testing above the line, combined with the fact that oscillators detect downside momentum, experts nevertheless adopt a neutral stance. Now, in order to get confidence that the uptrend has regained fuel, investors would like to see a recovery above 57.00, around August 16th. This could initially target the highs of July 21st and 27th, at 57.55, the break of which would take the stock into territories last tested in March 2020. The next resistance may be around February 2022, which if it doesn’t hold, could pave the way towards the peak of 60$ per share. Shifting attention to short-term oscillators, we see that the RSI lies below 40 and points downward, while the MACD runs below both its zero and trigger lines, pointing down as well. Risk Disclosure : Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carry a high-risk level. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and such sites. Furthermore, one understands that the company carries zero influence over transactions, needs, and trading signals. Therefore, it cannot be held liable nor guarantee any profits or losses.
NYSE:KO
by legacyFXofficial
1
COCA-COLA The Coca-Cola Company appears to be shaking off the effects of the pandemic. Last year’s revenue and profit downturns were largely attributable to weakness in away-from-home channels, as the health crisis kept people away from restaurants, theaters, and other public venues. Overall, unit case volume declined 6% in 2020, but trends improved in each of the first three months of 2021. (Note that March-quarter revenue rose 5%, though the increase was entirely attributable to this year’s period including five more days than the prior one.) In fact, aided by share gains in both the at-home and away-fromhome markets, volumes for the month of March were back to pre-pandemic levels. Too, the rollout of vaccines and subsequent easing in social-distancing measures ought to support further improvement over the rest of 2021. (Results for the June quarter are scheduled to be released on July 21st.) Overall, we look for full-year earnings to rebound 10%, on a high single-digit increase in organic revenues. Coke is preparing an initial public offering for one of its bottling groups. The company owns a 67% stake in CocaCola Beverages Africa, which accounts for 40% of the Coca-Cola products sold on the continent. This move is consistent with the beverage giant’s broader strategy in recent years to shift most of its bottling operations to independent bottlers. In fact, management’s initial plan was to refranchise these operations, but those efforts were halted in 2019. The timing of the IPO is partly contingent on market conditions, but should be finalized within the next 15 months. This stock hasn’t displayed much fizz of late. It is trading essentially where it began the year, and we don’t envision any catalysts lighting a fire under these neutrally ranked shares in the near term. Meanwhile, this equity’s above-average dividend yield and top mark for Price Stability will likely pique the interest of conservative investors. Note, though, that the company is currently in a tax dispute with the U.S. government, and we have some concerns that an unfavorable outcome in this matter would necessitate a reduction in our projections for increases in the payout for the 3 to 5 years ahead. Robert M. Greene July 16, 2021 EARNINGS PER SHARE / 2017 1.91 2018 2.08 2019 2.11 2020 1.95 2021 2.15
NYSE:KOLong
by MaDasurfer
Technical analysis update: KO (12th July 2021)The Coca Cola Company lacks a trend at the moment. This is reflected in low ADX value on daily timeframe. However, RSI, MACD and Stochastics are turning bullish. Support currently sits at 53.55 USD while resistance appears at 56.48 USD. We think there is potential for KO to resume its previous bullish trend and move above its resistance. Because of that we would like to update our medium term price target for KO to 56.50 USD. Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
NYSE:KOLong
by Tradersweekly
15
$KO - cup & handle breakout watchFirst breakout attempt failed and fall back below the cup rim. Break out point - $57 Target 1 - $58 Target 2 - $59 ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines . - The yellow horizontal lines shows support and resistance areas. - Fib lines also shows support and resistance areas. - The dotted white lines shows price projection for breakout or breakdown target. Disclaimer: Do your own DD. Not an investment advice.
NYSE:KOLong
by PaperBozz