- Coca-Cola reversed from the support area
- Likely to rise to resistance level 72.00
Coca-Cola recently reversed from the support area between the key support level 68.55 (which has been reversing the price from May), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse (1) from January.
The upward reversal from this support area stopped the previous minor ABC correction (ii).
Coca-Cola can be expected to rise to the next resistance level 72.00 (which stopped the earlier waves B, 1 and i).
- Likely to rise to resistance level 72.00
Coca-Cola recently reversed from the support area between the key support level 68.55 (which has been reversing the price from May), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse (1) from January.
The upward reversal from this support area stopped the previous minor ABC correction (ii).
Coca-Cola can be expected to rise to the next resistance level 72.00 (which stopped the earlier waves B, 1 and i).
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Alexander Kuptsikevich,
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Chief Market Analyst at FxPro
----------
Follow our Telegram channel t.me/fxpro dedicated to providing insightful market analysis and expertise.
Reach out to media.comments@fxpro.com for PR and media inquiries
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.