The Coca-Cola Company Stocks Elliott Wave Technical Analysis – Tuesday, September 24

KO Elliott Wave Analysis Trading Lounge Daily Chart,The Coca-Cola Company, (KO) Daily ChartKO Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave 3DIRECTION: Upside in wave 3.DETAILS: Looking for the last push up into wave {v} of 3 as we have been correcting around the middle of MG2 at 72$. Looking for 80$ as upside target for wave 3. The Coca-Cola Company, (KO) 1H ChartKO Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave (i) of {v}.DIRECTION: Upside in wave {v}.DETAILS: We seem to have what appears to be a clear three wave move into wave {iv}. We have been moving higher with increasing volume which seems to be suggesting the low could be in place. In this Elliott Wave analysis for The Coca-Cola Company (KO), we will examine the current price action and wave structure to provide insights into potential trading opportunities. We will analyze both the daily and 1-hour charts for a comprehensive view of KO’s trend and momentum.* KO Elliott Wave Technical Analysis – Daily Chart*On the daily chart, Coca-Cola is progressing through an?impulsive mode?in?Wave 3?of the overall Elliott Wave structure. The stock is currently consolidating around the?middle of MinorGroup2 (MG2)?at?$72, indicating a brief correction before the next move higher.The focus is on the?final push up into Wave {v} of 3, targeting?$80?as the upside goal for the completion of?Wave 3. This level could act as a significant resistance point as the wave structure nears completion. Traders should be prepared for potential consolidation once this target is reached.* KO Elliott Wave Technical Analysis – 1H Chart*On the 1-hour chart, Coca-Cola is in the early stages of?Wave (i) of {v}, with the price trending higher as it progresses through?Wave {v}. The stock recently completed a?three-wave corrective structure in Wave {iv}, and the subsequent rise with increasing volume suggests that the correction has ended, and a new impulsive leg is beginning.This indicates a potential low is already in place, and the next move higher within Wave {v}?could drive the stock toward the $80 target mentioned on the daily chart.More By This Author:AUDUSD Forex Elliott Wave Technical Analysis – Tuesday, September 24
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