COCA-COLA: This is a +43% wave, aiming at $82.

Coca-Cola is about to turn bullish on its 1D technical outlook (RSI = 53.500, MACD = -0.130, ADX = 31.368), trading on a flat 1M candle, coming off another flat candle before it (April). This neutrality has historically been a re accumulation period for the stock. Given that its most recent low was on the 0.382 of its multi year Channel Up and the rebound took place on the 1M MA50, we expect at least a +43.22% rise from there. On this pattern, all rallies that started on the 1M MA50, grew by at least +43.22% and touched the 0.786 Fibonacci level of the Channel. Our TP = 82.00 and we expect to get there by the end of the year.


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