(Last Updated October 28, 2020)
Hello! This is the news page for Coca Cola Co. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
For Coca Cola Co, we have to zoom out to the 90 day timeframe and beyond to see a clear trend; at that point, a clear uptrend becomes apparent.
KO’s moving averages tell a multi-facted story about its trend. Of the 20, 50, 100, and 200 day averages — three of them (all but the 200) — are bullish, suggesting the trend is generally upward, aside from a decline about 6 months prior.
The chart below illustrates.
I dressed up in my suit so passers by would think i was a great gentleman, a jp morgan of my age, but the coke was off and after a few drinks i threw up all over myself and woke up on the street!
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
0 price action traders may also wish to note that we see some doji and pin bar candlestick patterns on ko.
This is the 3rd straight hour ko has seen its price head up.
$ko already had announced a discontinuation of many brands, but just officially announced it would be cancelling 200+ brands.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
This move is a reversal from the hour prior, which saw price move up.
Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
This move happened on lower volume, as yesterday’s volume was down 26.99% from the day before — and down 18.41% from the same day the week before.
All vending machines have been converted to contacless, but registration in the app let's you make digital payments f-ing everywhere.