$COKE (Coca-cola) A Long Term Glance

A Long term look at $CKE Coca cola stock price. It has been a great growth stock to buy and hold - but has time caught up to this old friend?

$COKE (Coca-cola) A Long Term Glance

Since 2008, the Coca-cola stock have been in an uptrend. The trend has been getting steeper and stepper over the years - an excellent growth stock. However, time may have caught up to this old friend...

In terms of stage analysis, from 2008 to 2019 would be the stage 1 base building phase in my view. From 2019 to mid 2024 is the stage 2 advance. From mid 2024 to mid 2025 a top has formed.

The question is will a stage 4 decline start now. Recently a significant price level of $112.60 has broken for a lower low. Now looking for support at the trend line which could come in at the psychological level of $100.

The thinking is one can wait and try for a long punt on the $100 support if the price makes it there. Otherwise for a high probability upside move wait for a higher high and evidence of a continued advance with a move above $119.

A move below $98 gives indications of the impending stage 4 decline.

Weekly closing stock price of coca-cola stock $COKE