KO responds well with a good earnings; Target all Time High 67?
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!
KO Daily - 11 May 2024
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- melson·05-11TOPgoing for the knock out moment1Report
- Deposit·05-12ok1Report