– 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.
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