vlad.adrian
Long

Coca Cola - Trend change

BATS:KO   COCA COLA CO
815 1 8
Today The Coca Cola             company announced higher profits for the third quarter. Techinacally, we have a class A bullish divergence on the MACD . I outlined the resistances, the thicker ones being the stronger ones. Price currently at resistance, but i think it will go past it with ease.
first target reached on 28.10.2013
second target almost reached on 25.11.2013 ( the ideea behind the second target was that it was placed between two fib levels where there was also a great resistence line, so if u consider the fact that the 61.8% was reached we can say that the second target was reached. ofc no one could have closed exactly there unless they have a special gift to see the future)
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