The Long Investor

$KO TOP 20

Added 2023-02-19 10:46:42 +0000 UTC

Earnings were positive, normal and in line with what you would expect from $KO. Few concerns that $KO is struggling against the likes of Monsters ever expanding range and new players in the market like Prime...so they have suggested they would be more open to getting involved in more coffee and alcoholic drinks, this sounds like an earnings soundbyte to me but they certainly have the capability and the resources.

Indicators here are starting to show bullish potentials, which corresponds to our head and shoulders pattern, so we will see if it holds and bounces, failure to hold and we move down to the bear case and our buy zone.