KO Coca Cola

KO is flirting w/ another breakout to the upside near/around all time highs …

note:

  • the monthly .618 price projection is the ‘reason’ for the resistance at 45.66
  • the TIME component is .618 the last run and it’s hitting right now …
  • perhaps, a double top?
  • 3 drives to a top (dashed orange lines) present

IF we get a very strong weekly close higher, then 61 area is the next ‘logical’ stopping point ….

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

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