$KO - WATCHLIST -
Added 2024-11-06 17:46:00 +0000 UTC$KO is presenting a very nice opportunity here after rejecting at the First Target pretty hard and pulling back now to the 0.5 fib at $62.
Price is also below the 50 and 200 Day MA too and we can see that there is a red support line that cuts through the 0.5 - 0.618 Fib levels at $61, another potential support level of interest.
$KO will be around for many decades and is a very well run business and a firm favourite of Buffetts....it also has a +3% dividend
Wait for the hold and consider a position....before a run back to the First and Second Targets.
Comments
reading my mind cap - was about to ask about KO. Already have a position built, however, I will add if support holds at the .5/.618 fib levels.
Daniel
2024-11-06 17:52:25 +0000 UTC
