The breakout of Coca-Cola Co. through the resistance line of a Pennant could be a sign of the road ahead. If this breakout persists, we expect the price of Coca-Cola Co. to test 51.10 within the next 5 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing resistance twice in the past, Coca-Cola Co. has finally broken through. Can we expect a bullish trend to follow?
