$KO - SAFE HAVEN - WATCHLIST
Added 2024-12-02 19:43:16 +0000 UTCI believe we will get a very good opportunity here shortly
The words you want to see beside each other are: Safe Haven and Watchlist
$KO has clearly rejected at the at the 200 Day MA now and pulling back, so now we are watching for a higher low, so I have added in the small green fibs.
A hold above $62.80 will mean subwave 2 is complete and it is a hold above the larger 0.5 Fib too, I would then expect a run to the blue line next at $67.
Failure to hold the $62 level and I believe this moves down the the larger 0.618 Fib at $60, which is also the 200 WMA....meaning this is in an undervalued position with a margin of safety, this opportunity should not be ignored and very attractive to add as a safe haven if we get a hold at $60.
Dividend of +3% too.
