Price Update (11 May 2024)
- Has been in a 58 to 65 range for a few years until the weight loss drug impact in 2023 brought it down to 52
- Has since rebounded well with a slow and steady climb back to the supporting range level of 58
- Building upon, it has gained good liquidity and with the recent earnings, now moving up
- Has since broken the mid range of 62 and supported above ==> Good sign
- A break of 65 again will certainly mean the previous all time high of 67 is vulnerable to be beaten!
- Trend channel limit is currently at around 70
Accumulation drive
- Been accumulating since 55 up to 60
- Puts strike 57.5 and 60 sold with good movement
Diversification
KO has been a good, slow and steady counter in my portfolio.
Helps me in diversifying from a heavy tech focus.
Good luck, all!
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