Coca-Cola Wave Analysis – 8 April, 2022


• Coca-Cola broke key resistance level 63.00

• Likely to test resistance level 64.00

Coca-Cola recently broke the key resistance level 63.00 (which stopped the previous intermediate impulse wave (1) at the start of last month).

The breakout of the resistance level 63.00 should further accelerate the active strong upward impulse wave 3 from March.

Coca-Cola can be expected to rise further in the active impulse waves 3 and (3) toward the next resistance level 64.00 (target price for the completion of the active impulse wave 3).

Source: Fxpro

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