$KO TOP 20
Added 2023-05-29 07:28:59 +0000 UTCStrong pull back and working its way through the Fib support levels now, as optimism has been growing in the market and helped along by the Semi and Ai boost, money appears to be moving away from some safe havens and into some strong upside trending stocks, $KO as we know has been a reliable safe haven. That being said, its pull back is healthy and likely Subwave 2 of Wave 3 from our chart.
The .78 Fib is at $59.84, so we will be watching for support here and the 0.88 Fib is just slightly lower at $59.16.
A successful hold at one of these levels and I will be expecting a higher move next.
RSI and MACD are both showing that the stock is oversold, so it is wise to watch for
