Coca-Cola has been rising steadily in the last few trading sessions – in line with earlier report for this company. The price previously broke above the upper resistance trendline of the wide daily down channel from last May (as you can see from the daily Coca-Cola chart below).
The breakout of this resistance trendline accelerated the currently active C-wave of the second intermediate wave (2) from February. Coca-Cola is expected to continue to rise strongly inside this C-wave toward the next buy target 41.40 (top of earlier primary wave ②).
The post HY MARKETS News : Stocks Report:Coca-Cola Co appeared first on | HY Markets Official blog.
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