The Coca-Cola Company (KO) Elliott Wave Technical Analysis - Jan. 8, 2024

Analyst: Alessio Barretta

The Coca-Cola Company (NYSE:KO) 4h Chart, Monday Jan. 8

KO Stock Market Analysis: We are looking at a potential five wave move completed into wave 1 and we are now seeing continuation higher as big tech are losing ground and momentum seems to be rotating into the consumer sector.  

KO Elliott Wave Count: Wave {ii} of 3.  

KO Technical Indicators: 20EMA as support.

KO Trading Strategy: Looking for longs after a Trading Level Pattern on $60.  

 

KO 1-hour Chart - Monday Jan. 8

KO Stock Market Analysis: Looking at what seems to be a sharp three wave move into wave {ii}, being aware we could correct lower.  

KO Elliott Wave count:  Wave {ii} of 3.  

KO Technical Indicators: 20EMA as resistance.

KO Trading Strategy: Looking for longs after a Trading Level Pattern on $60.

 

 

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