Coca-Cola Company (The)

Coca-Cola: Support Breached

392
After nearly two weeks of indecision, Coca-Cola shares have now slipped below the $66.05 support level. In the near term, we expect further declines as part of the final wave (c) of the blue three-wave pattern, which should complete the broader corrective wave X in turquoise, just above the $60.62 support. After this, we anticipate a trend reversal, with the stock advancing in the final upward leg of the large beige wave III, targeting the beige short zone between $76.58 and $81.51. The peak of this third wave is likely to be established within this range before a significant correction sets in. Alternatively, it’s possible that beige wave alt.III has already concluded (probability: 39%). This scenario would be confirmed by a break below the $60.62 level.

면책사항

해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.