Will $KO get KO?This is NYSE:KO , strong dividend stock, but the beauty of this is that. Right now it have been testing to create a new high. Ever since it struggle to hold above 54 in 2021 it currently using it as the of what could be a displaced inverse head and shoulders. Primarily a beverage company, unlike its competitor $PEP.
Bullish Case - It is not the clearest inverse head and shoulders but obvious none the less. With earnings approaching a strong report could help break above 64.25 and start the higher high needed for the uptrend. This buy signal looks really strong.
Bearish Case - This snail will not make any highs! Do you see the down trend it is creating? It has created an all time high in 2022 time to settle sub BMV:60 before going higher. When the earning drop it will confirm the fact that it is on a decline that will continue. People want a healthier alternative to the Coca-Cola classic..... out with the old!!!
