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PeakTrader.com Economics, Portfolio Optimization, and Technical Analysis
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arthur Guest
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Posted: Fri Dec 10, 2004 9:18 pm Post subject: KO chart (long-term hold) |
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KO may be stabilizing and creating a double bottom in the high 30s. KO may rally to 45 (recent Price-by-Volume average), 50 (top of trading range), or 56 (38.2% Fibonacci level) sometime within the next year. KO has a strong brand and Warren Buffett's Berkshire Hathaway owns 200 million shares (or over 8% of shares outstanding). Consumer non-cyclicals may outperform the general market over the next few years, because the stock market is in a long-term structural bear market.
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