Coca-Cola Co (NYSE: KO) started a new bullish cycle on October 2023. As discussed in our previous article, the stock rallied from our blue box area after ending a corrective double three structure. The impulsive rally suggested the start of wave III to the upside and this year KO managed to break above 2022 into new all time highs.
KO Daily Chart 12.2.2023
The stock is currently showing 3 swings up from 2020 low and consequence it’s considered as an incomplete bullish sequence looking to do a 5 waves advance. It’s currently trading within wave ((3)) of III and it will be looking to end rally from 2023 before starting 3 waves pullback in wave IV. KO still has a weekly target to the upside at equal legs area $82.5 – $89.8. Buyers will continue to buy the stock during pullbacks in 3, 7 or 11 swings until it reaches the target or the cycle from 2020 ends.
KO Weekly Chart 9.19.2024
Explore a variety of Stocks & ETFs investing ideas by trying out our services 14 days and learning how to trade our blue boxes using the 3, 7 or 11 swings sequence. You will get access to our 78 instruments updated in 4 different time frames, Live Trading & Analysis Session done by our Expert Analysts every day, 24-hour chat room support and much more. 
The post Coca-Cola Co (NYSE: KO) Weekly Bullish Sequence appeared first on Elliott wave Forecast.
