Coca-Cola Wave Analysis 27 August 2024

– Coca-Cola broke the resistance zone

– Likely to rise to resistance level 72.00

Coca-Cola recently broke the resistance zone at the intersection of the round resistance level 70.00 and the resistance trendline of the daily up channel from April.

The breakout of this resistance zone accelerated the active impulse waves 3 and (5), both of which belong to the primary impulse sequence 3 from April.

Given the clear daily uptrend, Coca-Cola can then be expected to rise to the next resistance level 72.00 (target price for the completion of the active impulse wave 3).