Coca-Cola Wave Analysis – 28 October, 2022

• 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).