The breakout of Coca-Cola Co. through the 48.00 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of Coca-Cola Co. to test 46.66 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing 48.00 numerous times, Coca-Cola Co. has finally broken through. Can we expect a bearish trend to follow?
