Coca-Cola (NYSE: KO) aiming for triple-digits ($100)

Coca-Cola Co (NYSE: KO) continues setting new record highs weekly. In this article, we analyze its weekly Elliott Wave structure. Our analysis reveals the current bullish breakout path and key upside targets.

Elliott Wave analysis

KO is advancing within a nesting structure from its 2023 low. Wave ((1)) ended at $73.53. Subsequently, Wave ((2)) corrected to $60.62. Next, Wave (1) reached $74.38. Then, Wave (2) finished at $65.35. Currently, acceleration unfolds within wave 3 of (3). Therefore, at least three more swings higher should occur. This incomplete bullish sequence supports continued upside within the weekly cycle.

The initial wave (3) target is the $82 – $89 equal legs area. Furthermore, the full wave ((3)) projection targets the $101 Fibonacci 1.618 extension. This zone should precede the next major correction.

After KO completes its five-wave advance from 2023, Wave IV will begin. This pullback will create another strategic entry point. Subsequently, the stock will resume its weekly uptrend in Wave V.

KO weekly chart 2.19.2026

Conclusion

KO‘s weekly uptrend remains strongly bullish. Consequently, traders should target strategic entries during corrective pullbacks. Apply our Elliott Wave strategy for precise timing. Specifically, enter the market after a 3, 7, or 11-swing correction completes. Additionally, our proprietary Blue Box system identifies high-probability reversal zones. This disciplined approach provides clarity and confidence. Ultimately, it positions you to capture the next major advance.