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

The Double Bottom pattern has been formed on #KO M5. Characteristics: the support level 70.29; the resistance level 70.62; the width of the pattern 33 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 34 points.

The Bullish Flag pattern has been formed on the chart #KO M5 which signals that the upward trend will continue. Signals: а break of the peak at 71.56 may push the price higher, and the rise will be the projection of the pole.

According to the chart of M30, #KO formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 70.23 – 70.23 and upper border 70.96 – 70.96. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Top pattern has been formed on #KO M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 70.23 is broken, the downward movement will continue.

According to the chart of M15, #KO formed the Head and Shoulders pattern. The Head’s top is set at 70.96 while the median line of the Neck is found at 70.26/70.35. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of #KO will go towards 70.13.

The Double Bottom pattern has been formed on #KO M15. Characteristics: the support level 67.92; the resistance level 68.20; the width of the pattern 28 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 27 points.

The Double Bottom pattern has been formed on #KO M5; the upper boundary is 68.12; the lower boundary is 67.93. The width of the pattern is 20 points. In case of a break of the upper boundary 68.12, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Bearish pennant pattern has formed on the #KO M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 68.21 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

The Bearish pennant pattern has formed on the #KO M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 69.28, a trader will be able to successfully enter the sell position.

The Bearish pennant pattern has formed on the #KO M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 69.73 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.