Coca Cola stock price bullish forecast 2020

Coca Cola (NYSE: KO) has always been a slow mover but it’s an American stock considered to be very safe because it hardly gives us any surprises. Using our supply and demand strategy we can learn what Coca Cola stock price could be in the near future.

There is a strong weekly demand level for Coca Cola stock that has gained control around $48 per share. We are expecting Coca Cola stock price to rally much higher. There is a lot of margin for profit. We should not care about Coca Cola stock earnings in the near future because a strong demand imbalance has gained control. Check previous Coca Cola stock analysis shared with you last 28th April 2020.

Coca Cola stock price chart analysis

coca cola stock price
Coca Cola stock price

Coke’s sales slowed down as coronavirus keeps customers from convenience stores, movie theatres and activities but that hasn’t kept Coca Cola company stock to keep on rallying based on the strength of new demand imbalances. We expect Coca Cola stock price to rally to $57 or more before the year 2020 comes to an end.

Coca Cola stock price 2020

Watch Coca Cola stock supply and demand demand video analysis below for more details.

Coca Cola supply and demand imbalances

As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and react strongly to those imbalances. Why is it that you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances gaining control.

Unless you are doing very short term trading and scalping, you should not worry about fundamentals or earnings announcements on Coca Cola..

You can use these imbalances to plan your trades in lower timeframes. Trading is just waiting for the right trigger points and scenarios to present themselves, this game has got a name and it’s called the waiting game. We need to patiently wait for the correct scenarios and setups to happen and wait for the price to pull back or dip into the price levels we want to trade, in our case these price levels are made of supply and demand imbalances.

If you want to learn how to trade using our supply and demand trading strategy, join our supply and demand stock trading course.

There are several ways of buying stocks and futures. When trading stocks, you can buy shares of the underlying stock or use options strategies to go long or short at these specific supply and demand levels, long calls or long puts or spreads. You can even buy a CFD (contracts for difference) on Coca Cola if you are in a country where it’s allowed.

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