Coca-Cola's stock faced a nearly 50% drop at the onset of COVID-19 but swiftly recovered, forming an impulsive Wave I in April 2022. Since then, it has been in a more extended correction, which might have found support around $51.55. With a strong surge since October 9, the culmination of Wave 1 could be imminent, and we anticipate a Wave 2 correction.
As soon as the price starts to decline, signaling a potential correction in Wave 1, I'll send out a limit order. 📈✨
💯 Free
✅ Swing & Intraday Trading
✅ Chart Requests
✅ Everyday more than 4 posts
✅ Total <1100 Members
Also on:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.