Coca-Cola Wave Analysis 9 April 2024

– Coca-Cola reversed from pivotal support level 59.00

– Likely to rise to resistance level 60.00

Coca-Cola today reversed from the pivotal support level 59.00, which has been steadily reversing the price from last April.

The support level 59.00was strengthened by the lower daily Bollinger Band – which formed the daily reversal pattern Doji.

Given the strength of the support level 59.00, oversold daily Stochastic and the clear daily uptrend, Coca-Cola can be expected to rise to the next round resistance level 60.00.