In our last analysis on Coca-Cola, we discussed waiting for the right opportunity to bid on KO. We believe that opportunity has just presented itself. The stock has seen a solid surge over the past month, which is impressive for a defensive stock like Coca-Cola. The price has now tapped the trendline we mentioned previously, suggesting a possible chance to long the intra wave ((iv)). The RSI is currently heavily overbought, which further aligns with our expectation of a pullback, and Coca-Cola has also respected the 161.8% Fibonacci level quite well so far.
Our plan involves making two entries for this setup. First, we aim to bid at the 38.2% level within the support zone, and if the price continues downward, we will place a second bid at the golden pocket level around $61.24. This two-step entry strategy will allow us to use Dollar Cost Averaging (DCA) to lower our average entry price.
Ideally, before reaching our target entry zones, we would like to see some kind of a three-wave corrective structure develop in 
KO, which would further confirm our entry strategy. We will continue to monitor and provide updates as we approach the levels of interest.