$KO continues to be bullish and establish its ascending triangle pattern. A breakout may occur at $50, and have a gradual climb to $54.
The 10-day exponential moving average may pass the 50-day, indicating a strong bullish trend. It may be a good idea to wait and watch for a strong buy with solid volume before entering a trade.
Disclaimer: This is not professional trading advice.
The 10-day exponential moving average may pass the 50-day, indicating a strong bullish trend. It may be a good idea to wait and watch for a strong buy with solid volume before entering a trade.
Disclaimer: This is not professional trading advice.
Comment:
KO may be falling out of the ascending triangle. There is low trading volume and a sell off may bring it below the resistance level.
