Hello Traders,
Today it's Coca-Cola's turn
On a weekly candlestick we see that the price is breaking the 89-period average for the second week.
Additionally and more importantly, the volume indicator indicates that the short volume action is dominant over the long volume on both the faster and slower indicators.
As always with fibonacci retracements we mark the support and resistance zones, in this case, we mark the support zones generated by the major bullish segment. The 38.2% fibo is at $49-$50 aprox.
Finally, in monthly candles if the reader is encouraged, you can check with the indicator that this month the short volume has crossed bullish over the long volume.
Make it simple and mechanical.
Have a good day
Today it's Coca-Cola's turn
On a weekly candlestick we see that the price is breaking the 89-period average for the second week.
Additionally and more importantly, the volume indicator indicates that the short volume action is dominant over the long volume on both the faster and slower indicators.
As always with fibonacci retracements we mark the support and resistance zones, in this case, we mark the support zones generated by the major bullish segment. The 38.2% fibo is at $49-$50 aprox.
Finally, in monthly candles if the reader is encouraged, you can check with the indicator that this month the short volume has crossed bullish over the long volume.
Make it simple and mechanical.
Have a good day
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。