KO Elliott Wave Analysis Trading Lounge Daily Chart,

The Coca-Cola Company, (KO) Daily Chart

KO Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulsive

STRUCTURE: Motive

POSITION: Wave 3

DIRECTION: 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.

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The Coca-Cola Company, (KO) 1H Chart

KO Elliott Wave Technical Analysis

FUNCTION: Trend

MODE: Impulsive

STRUCTURE: Motive

POSITION: 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.

(Click on image to enlarge)

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.

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