KO has been trading like a MOMO stock lately. There has been an aggressive move into defensive names and dividend stocks since the beginning of Dec. This may become a story going into 2022 as people try to find a safe place for their money. Right now it has become a momentum play for me. I will be watching the top green box for a reversal. No longer interested if it breaks below the top box as it will likely fall to the lower green box and fill the gap. Targets would be the ATH and then the 1.618 fib extension.
Commento:
60 target hit. Now at ATH. Looking strong and trading like momo stock.
Simple low risk pull back trade due to lower ATH.
Target 60 remains.