$KO FORMER TOP 20
Added 2023-10-24 16:14:30 +0000 UTCEarnings reported today and it was a double beat, 6% beat on earnings and 4.5% beat on revenue with a revise up guidance.
Nice response from $KO after a difficult quarter for their share price.
We can see that the bounce came in at the 0.5 Fib at $51.
We can only see 3 waves so far in this bounce so it is not confirmed that this bounce is an impulse wave yet, we would need to see 5 waves for that to be confirmed.
The 50 Day MA is just above at $57, so this will be the big test for $KO.
Price will need to get above the 50 and 200 Day MA to start looking bullish.
