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

Australian Dollar/Japanese Yen(AUDJPY) Elliott Wave Technical Analysis 31 January 24

Australian Dollar/Japanese Yen(AUDJPY) Elliott Wave Technical Analysis 31 January 24

Trading Lounge Day and 4-hour Chart AUDJPY Elliott Wave Analysis dated 31 January 24, provides a det...

Read More >
Advanced Micro Devices Inc. (AMD) Elliott Wave Analysis: Daily & 1-Hour Chart Insights, Fibonacci Levels, and Stock Forecast

Advanced Micro Devices Inc. (AMD) Elliott Wave Analysis: Daily & 1-Hour Chart Insights, Fibonacci Levels, and Stock Forecast

AMD's Elliott Wave patterns, covering daily and 1-hour chart movements. Key insights include the...

Read More >
SOUTH32 LIMITED Stock Analysis & S32 Elliott Wave Technical Forecast with expert insights and optimize your investment strategies

SOUTH32 LIMITED Stock Analysis & S32 Elliott Wave Technical Forecast with expert insights and optimize your investment strategies

This article provides a comprehensive Elliott Wave analysis and technical forecast for ASX South32 L...

Read More >
Bitcoin/ U.S. dollar(BTCUSD) Elliott Wave Technical Analysis: Potential Impulse Structure Signals Uptrend Momentum

Bitcoin/ U.S. dollar(BTCUSD) Elliott Wave Technical Analysis: Potential Impulse Structure Signals Uptrend Momentum

Discover the most recent BTCUSD analysis utilizing Elliott Wave principles as, signaling bullish mom...

Read More >
Alphabet Inc. (GOOGL) Stocks Technical Analysis: Potential Stock Price Movements and Market Trends using Elliott Wave Theory

Alphabet Inc. (GOOGL) Stocks Technical Analysis: Potential Stock Price Movements and Market Trends using Elliott Wave Theory

This article provides a detailed Elliott Wave analysis of Alphabet Inc. (GOOGL), focusing on daily a...

Read More >
Ethereum/U.S. dollar(ETHUSD) Elliott Wave Technical Analysis 27 October 23

Ethereum/U.S. dollar(ETHUSD) Elliott Wave Technical Analysis 27 October 23

Ethereum/U.S. dollar(ETHUSD) Elliott Wave Technical Analysis for 27 October 23 with 4-hour and daily...

Read More >

Buy 1 Month

Get 3 Months!

Special Offer:

Trade Recommendations

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

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

Gain a competive edge with expert insights in to:

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

Equip yourself with the tools of success:

  • Social Chat
  • Elliott Wave Algorithm
  • Screener
  • TradingLevels
  • 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