Coca Cola ? The price has recently exhibited a significant downward movement, influenced by geopolitical reasons, but this seems like a good opportunity to buy and hold.
The price is trading below the 4/8 level (approximately 50 TL) in the analysis made using Murrey Math levels, indicating that an important support level has been broken.
Currently in the consolidation phase, there may be another rise afterwards.
The price had especially moved outside the lower bands in recent days, This situation indicates that a return or reaction purchase may be possible in the short term, but it does not give a clear signal as to whether the trend will reverse. Unfortunately, the war situation can affect many stocks beyond expectations, targeting purchases and stopping should be followed.
While important support levels are around 47 TL and 45 TL (the price at the beginning of 2014), the 50 TL level should be followed as a critical resistance point in the short term. The potential for an increase after consolidation is high, but it should be followed closely due to geopolitical reasons.
