Coca Cola, my favorite defensive stock seems to be at a price decision in time. I have found a single trend line that looks reasonable. There seems to be a lot of congestion in price over the last few days this leads me to believe a breakout is coming soon. 25% of my portfolio is Coca Cola, it pays great dividends and I love the history of the company. It is a solid choice for these economically uncertain times, I think they do soda better than anyone else I been drinking Coca Cola as long as I can remember its still my favorite.
I believe its possible to see a retracement down to cheaper prices but I also don't believe in waiting for such occurrences to happen so I have already been accumulating for the last few weeks. The range of the intrinsic value of Coca Cola is between $50 - $180. My prediction for the price is that it will go up over the next 12 months. Thank you for reading my article and best wishes, cheers.
I believe its possible to see a retracement down to cheaper prices but I also don't believe in waiting for such occurrences to happen so I have already been accumulating for the last few weeks. The range of the intrinsic value of Coca Cola is between $50 - $180. My prediction for the price is that it will go up over the next 12 months. Thank you for reading my article and best wishes, cheers.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.