Coca-Cola Co (NYSE: KO) keeps reaching fresh all-time highs each week. As we explained in the previous article, a bullish Elliott Wave structure is leading this move. This article examines the weekly pattern further. We identify the ongoing breakout trajectory and primary upside objectives.
Elliott Wave Analysis
KO is accelerating higher within wave (3) of ((3)). The nesting structure from 2023 keeps extending. Currently, wave 5 of (3) seeks further upside toward the equal legs area $85 – $90 . From there, the stock can pullback in wave (4). This will present another daily buying opportunity. Then, the rally resumes in wave (5) of ((3)).
Furthermore, KO could extend higher within wave (3) if it erases the daily cycle divergence. This would suggest wave 3 remains in progress. Consequently, we do not recommend selling the stock. We expect the cycle to stay supported within the current bullish sequence and look for the monthly target above $100.
KO Weekly Chart 6.14.2026
Conclusion
Coca-Cola’s weekly rally maintains powerful bullish momentum. Therefore, traders should focus on strategic entry points during corrective dips.
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