Coca-Cola Is Attacking All-Time Highs

Coca-Cola is basically one of the most famous drink brands in the world. It started in the late 1800s in the U.S., and over time it turned into a huge global company. They’re known for their classic Coke, but they also make tons of other drinks—juices, waters, teas, and even energy drinks.

After that gap up, Coca-Cola filled that gap as expected and then turned higher and broke above 71.77 resistance. So the wave structure remains bullish, and we could still see a push to new highs, as wave C — possibly the final leg of an ending diagonal — may target the 76–78 area. So latest retracement toward 68 might have been just temporary setback ideally wave two and bulls are now ready for new highs.  We remain bullish as long as price stays above 66.

Highlights:
Trend: Bullish (wave C continuation in w. 5)
Support: 71, 68, 66
Resistance: 74, 78
Note: Bullish above 66,  watching for wave C resumption towards new highs.