Coca-Cola Wave Analysis – 17 December, 2021

• Coca-Cola under the bullish pressure

• Likely to rise to resistance level 60.00

Coca-Cola under the bullish pressure after the price broke above the major resistance level 57.35 (previous multi-month high from July)

The breakout of the resistance level 57.35 accelerated the active weekly upward impulse wave (1) – which started earlier from the key support 52.40.

Coca-Cola can be expected to rise further toward the next round resistance level 60.00 (previous multi-year high from the start of 2020).