Big movement expected on Coca-Cola Co. after a breach of 56.60

Coca-Cola Co. has broken through a line of 56.60 and suggests a possible movement to 56.48 within the next 7 hours. It has tested this line numerous times in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 6 days.