, 7 tweets, 4 min read
Analysis: #NYSE: #KO

Case 13 #CocaCola Company

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

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Coca-Cola has been in a strong #uptrend since March 2009, the high of $44.47 (March 1998) was finally overcome in October 2014 recording a new all time high of $44.87. Since 2019 the uptrend has been fortified. .......

.... Buying and holding for the short and long term will workout well and holding this stock pays a good #dividends. Only a close below $33.00 would turn the trend bearish.

Chart 1
Monthly Chart: #Fibs drawn from the low (0.62) to high (44.47) target $56.60. Also added are Fibs from the swing high 44.47 to low 18.50 to add depth. #TL pivot supports and broken TL resistance are added.

Chart 2
Monthly Chart: Current Fib resistances are visible. A strong close above 55.22 is required to target new all time highs. Support is very formidable - all the way to $35.00.

Chart 3
Weekly Chart: Natural pivots (in black) act as demand points. Minor #support (the blue square) and 51.00 further down below.

Chart 4
Weekly Chart: As I said above I would only attempt longs for this stock. The #strategy has been presented in the image.

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