The Coca-Cola Company (KO:NYSE) Elliott Wave Technical Analysis 21 November 23

[tradinglounge]

The Coca-Cola Company., Elliott Wave Technical Analysis

The Coca-Cola Company., (KO:NYSE): 4h Chart 21 November 23

KO Stock Market Analysis: We have been monitoring Coca-Cola price for a few days now as we have been trading just below 58$. We seem to be in a corrective structure which could take us higher into wave {v} of 1. 50% retracement of the entire move down stands at slightly above 58$.  

KO Elliott Wave Count: Wave {iv} of 1.

KO Technical Indicators: Support on the 20EMA

KO Trading Strategy: Looking for longs into wave 1.  

TradingLounge Analyst: Alessio Barretta

 

 

 

 

 

The Coca-Cola Company.,  KO: 1-hour Chart 21 November 23

The Coca-Cola Company.,  Elliott Wave Technical Analysis KO Stock Market Analysis: We seem to be in a potential triangle in wave {iv} or else as sideways complex correction. We could start to see resistance once we reach 58$.  

KO Elliott Wave count:  Wave (e) of {iv}

KO Technical Indicators: Above all averages.

KO Trading Strategy: Looking for longs into wave {v}.