Coke will remain my soft drink of choice however, I will not be buying any of its stock any time soon. Recently KO was suggested as 'safe stock for seniors' however, I couldn't disagree more. Coke has spent the past 20 years climbing up towards its recent, new all-time high but the lasting RSI divergence is quite evident. There's a pretty good chance that this stock loses nearly 80% of its value over the next 7-10 years. Holders should look for the most suitable exit in order to avoid more losses than necessary.
(Wave analysis has been redacted from this marking however, wave-by-wave analysis will be tracked via link in bio).
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could/should be working for a return to $62 soon.
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one day closer to the big exam:
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a beautiful example of the science at work #drinkmorecoke
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this is the part where you tell all your loved ones to avoid buying coke stock and to hit the sell button if you own it....
the bear will be here for years.
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decent chance for sub $50 by Halloween 2023. will be quite the scare.
I bought some at 55$ and given its solid fundamentals and growth prospects, I think it could be wise for me to invest in this blue-chip stock on its dip
DigitalSurfTrading
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@Trader563, good luck. if it fails the $60 range, I'd consider making an exit, personally.
zendojas
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Interested if you have a reason for this prediction.
DigitalSurfTrading
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@zendojas, its based solely on recent price action and historical wave structure.
SugarMuffin
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Then why doesn't Warren Buffet sell some or all of his shares?
DigitalSurfTrading
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@SugarMuffin, give it time. i think that he will :)
MaDasurfer
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DigitalSurfTrading
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@MaDasurfer, so are you bullish or what? hard to tell.