Coca-Cola: Resistance Breakout. Short Term - We look to Buy at 56.74 (stop at 55.13)
Coca-Cola - Short Term - We look to Buy at 56.74 (stop at 55.13)
Previous resistance level of 57.00 broken. Posted a Double Bottom formation. The formation has a measured move target of 61.27. Daily signals are bullish . Risk/Reward would be poor to call a buy from current levels. Further upside is expected although we prefer to set longs at our bespoke support levels at 57.00, resulting in improved risk/reward.
Our profit targets will be 61.27 and 64.00
Resistance: 60.00 / 65.00 / 70.00
Support: 57.00 / 55.00 / 52.00
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