$KO TOP 20
Added 2023-03-05 11:16:56 +0000 UTCExcuse me as I appreciate my chart skills here, this pull back has come down exactly to the bear case line for the right shoulder, exact price at the exact date, so I do enjoy when this happens.
I obviously want to see this break down lower and go into the bear case because of their Moat and dividend and solid slow growth but the chart is in control, not my wants. We will continue to monitor this as always.
RSI is still showing a support on top of the trend line, however, certainly testing it a number of times!
MACD is also trending in a slow but slightly positive direction.
Conclusion, sideways consolidation or signs of reversing, then we can expect Wave 3 next.
Comments
I believe so, next test would be at the previous low
Gareth Neary
2023-03-05 12:15:58 +0000 UTCSo if we go below $58 then we're going down to the buy zone?
Richard
2023-03-05 12:06:56 +0000 UTC
