Coca-Cola Co. is moving towards the support line of a Channel Up which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If Coca-Cola Co. continues in its current trajectory, we can expect it to reach 53.39 within the next 2 days.
Related Posts
AAPL – approaching a resistance line that has been previously tested at least twice in the past
AAPL is trapped in a Rising Wedge formation, implying that a breakout is Imminent. This is a great…
Breach of 436.9300 could mean a start of a bearish trend on ADBE
ADBE has broken through 436.9300 which it has tested numerous times in the past. We have seen it…
TSLA hits 281.9800 after a run of 6 consecutive daily candles spanning 9 days.
TSLA has moved lower after 6 consecutive daily candles from 361.7100 to 281.9800 in the last 9 days.