FX.co ★ Patterns #KO | The Coca-Cola Company Stock Price

The Double Bottom pattern has been formed on #KO M5. Characteristics: the support level 76.13; the resistance level 76.50; the width of the pattern 37 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 33 points.

The #KO M30 formed the Head and Shoulders pattern with the following features: The Head’s top is at 79.19, the Neckline and the upward angle are at 77.24/77.53. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of #KO will go towards 77.23.

The Double Top reversal pattern has been formed on #KO M30. Characteristics: the upper boundary 78.78; the lower boundary 77.87; the width of the pattern is 98 points. Sell trades are better to be opened below the lower boundary 77.87 with a possible movements towards the 77.57 level.

On the chart of the #KO M15 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 77.09, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 95 points.

The Double Top reversal pattern has been formed on #KO M15. Characteristics: the upper boundary 78.04; the lower boundary 77.09; the width of the pattern is 101 points. Sell trades are better to be opened below the lower boundary 77.09 with a possible movements towards the 76.86 level.

On the chart of #KO M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 77.99; the lower boundary 77.09; the width of the pattern 90 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 76.94 level.

The #KO M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 74.08, the Neckline and the upward angle are at 73.60/73.62. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of #KO will go towards 73.47.

The Triple Top pattern has formed on the chart of the #KO M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 73.20/73.22 with the upper limit 73.36/73.37; the projection of the width is 16 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 73.20, the price is most likely to continue the downward movement.

The Triple Bottom pattern has been formed on #KO M5. It has the following characteristics: resistance level 72.84/72.82; support level 72.75/72.74; the width is 9 points. In the event of a breakdown of the resistance level of 72.84, the price is likely to continue an upward movement at least to 72.90.

According to the chart of M5, #KO formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 70.60/71.46 whereas the upper border goes across 72.24/71.46. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of #KO will breach the upper border to head for 71.61.