Coca-Cola Wave Analysis – 28 October, 2022
October 28, 2022 @ 19:49 +03:00
• Coca-Cola rising inside short-term ABC correction 2
• Likely to rise to resistance level 61.00
Coca-Cola continues to rise inside the (c)-wave of the short-term ABC correction 2 from the start of October.
The price previously broke above the round resistance level 60.00 – which added to the bullish pressure on Coca-Cola.
Coca-Cola can be expected to rise further toward the next round resistance level 61.00 (former support from September and July, target for the completion of the active wave 2).