$KO - FORMER TOP 20 -
Added 2024-04-09 12:20:35 +0000 UTC$KO has been in this red channel since March 2022 and continues to drift down through after rejecting trying to get above it in March.
We have unorthodox inverse head and shoulders forming here, valid with the aligning neckline at the top.
So I would be watching for a breakdown from the 200 Day MA at $59, if the price can work its way down to between the 0.5 Fib and 0.618 Fibs between $56 - $55, we have a good opportunity to buy a solid company with a dividend of 3.3%.
