Categories: Technical analysis

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.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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Tags: coca-cola

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