In this SEO-optimized Elliott Wave analysis, we examine the trend structure of The Coca-Cola Company (KO) using daily and 1-hour charts to analyze the current wave position and forecast potential price movements.

KO Elliott Wave Analysis - Trading Lounge Daily Chart

The Coca-Cola Company (KO) Daily Chart Analysis

KO Elliott Wave Technical Analysis

Function: Trend

Mode: Impulsive

Structure: Motive

Position: Wave 3

Direction: Upside in wave 3

Details: We're expecting a correction in wave {iv} to be near completion, after which the uptrend should resume, potentially pushing KO to complete the higher-degree wave 3 at $80.

KO Technical Analysis – Daily Chart

On the daily chart, Coca-Cola (KO) is in wave 3 of a broader impulsive pattern. A corrective phase within wave {iv} is anticipated to end soon. Once this correction concludes, the stock is likely to resume its upward movement, targeting around $80, which would complete the larger-degree wave 3.

Coca-Cola-Company-1D...


The Coca-Cola Company (KO) 1-Hour Chart

KO Elliott Wave Technical Analysis

Function: Counter Trend

Mode: Corrective

Structure: Flat

Position: Wave (c) of {iv}

Direction: Bottom in wave (c)

Details: A potential bottom in wave (c) is being monitored, as the wave has reached equality between wave (c) and wave (a), alongside a 38.2% retracement of the prior advance in wave {iii}.

KO Elliott Wave Technical Analysis – 1-Hour Chart

On the 1-hour chart, KO is experiencing a flat correction within wave (c) of {iv}. The wave (c) is nearing its potential bottom, with equality between wave (c) and wave (a) and a retracement of 38.2% of the previous advance in wave {iii} suggesting a possible turning point.

Technical Analyst: Alessio Barretta

Source: visit Tradinglounge.com and learn From the Experts Join TradingLounge Here 

See Previous: Mastercard Inc. (MA) Elliott Wave Technical Analysis

VALUE Offer - Buy 1 Month & Get 3 Months!Click here

Access 7 Analysts Over 200 Markets Covered. Chat Room With Support

Coca-Cola-Company-1h...

Related

Netflix Inc. (NFLX) Elliott Wave Analysis: Price Prediction & Technical Insights – Is NFLX a Buy as It Targets $1200

Netflix Inc. (NFLX) Elliott Wave Analysis: Price Prediction & Technical Insights – Is NFLX a Buy as It Targets $1200

Elliott Wave analysis of Netflix Inc. (NFLX) examines the current wave structure, potential price ta...

Read More >
Capitalize on the Ongoing Trends in the NZDUSD Currency Pair: New Zealand Dollar/ U.S. Dollar Elliott Wave Technical Analysis

Capitalize on the Ongoing Trends in the NZDUSD Currency Pair: New Zealand Dollar/ U.S. Dollar Elliott Wave Technical Analysis

Delve into our comprehensive NZDUSD Elliott Wave analysis, focusing on both daily and 4-hour charts....

Read More >
HCL Technologies Stock Analysis: HCLTECH Elliott Wave Technical Analysis Covers Chart Insights and a Detailed Forecast

HCL Technologies Stock Analysis: HCLTECH Elliott Wave Technical Analysis Covers Chart Insights and a Detailed Forecast

This article provides a comprehensive Elliott Wave analysis of HCL Technologies (HCLTECH) stock. It ...

Read More >
Both daily and weekly charts highlight the DAX (Germany) Index Elliott Wave Technical Analysis

Both daily and weekly charts highlight the DAX (Germany) Index Elliott Wave Technical Analysis

The DAX (Germany) Elliott Wave Analysis provides comprehensive insights into current market trends u...

Read More >
ASX: CAR GROUP LIMITED – CAR Stock Analysis & Elliott Wave Technical Analysis Suggests Wave Correction Completes

ASX: CAR GROUP LIMITED – CAR Stock Analysis & Elliott Wave Technical Analysis Suggests Wave Correction Completes

CAR Group (ASX: CAR) shows signs of completing a wave (4) correction, setting up for a bullish wave ...

Read More >
S&P 500 Elliott Wave Forecast: Bullish Trend Develops as SPX Forms Wave 1 of 3 After Completing Wave 2 Correction

S&P 500 Elliott Wave Forecast: Bullish Trend Develops as SPX Forms Wave 1 of 3 After Completing Wave 2 Correction

S&P 500 is forming a bullish Elliott Wave impulse pattern. Gray wave 2 is complete and navy blue wav...

Read More >

$1 for 2 Weeks

then $29 a month!

What a Special Offer!

Trade Recommendations

Unleash the power of deversified trading with our comprehensive portfolio, covering 250+ markets:

  • Stock Trades
  • Crypto Trades
  • Forex Trades
  • Commodity Trades
Elliott Wave Analysis

Gain a competitive edge with expert insights and AI-powered Elliott Wave charting into:

  • Global Indices
  • US Stocks & ASX Stocks
  • Forex & Crypto
  • Commodities
Top-Notch Trading Tools

Equip yourself with the tools of success:

  • Real-time Chat rooms
  • Elliott Wave Algorithm
  • Portfolio tools
  • TradingLevels
  • Screener
  • Trading Game
7 Elliott Wave Analysts

Stay ahead of the market with daily charts and insightful videos
Your secret to strategic trading!

JOIN HERE


Welcome to TradingLounge (ASIC A.R.No. 321187), specialists in trades, trading education and technical analysis, covering stocks, indices, commodities, forex and cryptocurrencies.

When you join TradingLounge you have access to everything we offer, including trade tools, educational content and a social platform to chat with like-minded investors.

Read more

@Copyright 2024 by tradinglounge.com

Contact Us

Australian no: 02 4787 6020

International no: +61 (2) 47876020

Pay with:

Find us on