Hey traders, COCA-COLA CO is in a fake downtrend with an aborted buyer's attempt and a low volume of buy issued. Looking at the TIMEFRAME 1M we can see a dragon bull which made a striking effect on the VWAP. Strong potential to take off from the support line to make up for pre-session losses. The median will be broken with the buying force big resistance to pass before closing the bearish gap. To go to the recent last collapse which corresponds to a major resistance. And reach the level above which is a symbolic number 51.50 (See TIMEFRAME M15).
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.