The Coca-Cola company has been inside a non-stop decline since July 27th, rending the 1D timeframe technically oversold massively (RSI = 20.830, MACD = -1.200, ADX = 60.609). Even on the 1W timeframe that we are looking at, the 1W RSI (28.402) is on its lowest valuation since COVID.
The stock crossed under the 1W MA200, which supported last October (2022), and is about to enter the S1 Zone. When it does, we can attempt a first buy, keep it as long as the Zone's bottom is intact and target the top of the Channel Down pattern (TP = 63.50). If it crosses under the S1 Zone, we will attempt one last buy at the bottom of the Channel Down, again targeting its top (TP = 62.00).
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The stock crossed under the 1W MA200, which supported last October (2022), and is about to enter the S1 Zone. When it does, we can attempt a first buy, keep it as long as the Zone's bottom is intact and target the top of the Channel Down pattern (TP = 63.50). If it crosses under the S1 Zone, we will attempt one last buy at the bottom of the Channel Down, again targeting its top (TP = 62.00).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
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Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial