Coca-Cola Co (NYSE: KO) continues setting new document highs weekly. On this article, we analyze its weekly Elliott Wave construction. Our evaluation reveals the present bullish breakout path and key upside targets.
Elliott Wave Evaluation
KO is advancing inside a nesting construction from its 2023 low. Wave ((1)) ended at $73.53. Subsequently, Wave ((2)) corrected to $60.62. Subsequent, Wave (1) reached $74.38. Then, Wave (2) completed at $65.35. At present, acceleration unfolds inside wave 3 of (3). Subsequently, no less than three extra swings larger ought to happen. This incomplete bullish sequence helps continued upside inside the weekly cycle.
The preliminary wave (3) goal is the $82 – $89 equal legs space. Moreover, the total wave ((3)) projection targets the $101 Fibonacci 1.618 extension. This zone ought to precede the subsequent main correction.
After KO completes its five-wave advance from 2023, Wave IV will start. This pullback will create one other strategic entry level. Subsequently, the inventory will resume its weekly uptrend in Wave V.
KO Weekly Chart 2.19.2026
Conclusion
KO‘s weekly uptrend stays strongly bullish. Consequently, merchants ought to goal strategic entries throughout corrective pullbacks. Apply our Elliott Wave technique for exact timing. Particularly, enter the market after a 3, 7, or 11-swing correction completes. Moreover, our proprietary Blue Field system identifies high-probability reversal zones. This disciplined strategy offers readability and confidence. In the end, it positions you to seize the subsequent main advance.
Supply: https://elliottwave-forecast.com/stock-market/coca-cola-ko-triple-digits/