Technical analysis
Coca-Cola Wave Analysis 8 April, 2021
April 08, 2021 @ 18:00 +03:00
![Coca-Cola Wave Analysis 8 April, 2021 Coca-Cola Wave Analysis 8 April, 2021](https://fxpro.news/wp-content/uploads/2020/01/coca-cola-logo.jpg)
• Coca-Cola reversed from support level 52.40
• Likely to reach resistance level 53.7
Coca-Cola recently reversed up from the support level 52.40 (former strong resistance from March), standing near the 38.2% Fibonacci correction of the upward impulse 1.
The upward reversal from the support level 52.40 started the active minor impulse wave 3 of the impulse wave (3) from March.
Coca-Cola is likely to rise further in the active impulse wave 3 toward the next resistance level 53.71 (top of the previous impulse wave 1).
![](https://fxpro.news/wp-content/uploads/2021/04/ko2-primary-analysis-apr-08-1742-pm-1-day-1024x479.png)