KO to $54+

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KO continues to be bullish and establish its ascending triangle pattern. A breakout may occur at $50, and have a gradual climb to $54.

The 10-day exponential moving average may pass the 50-day, indicating a strong bullish trend. It may be a good idea to wait and watch for a strong buy with solid volume before entering a trade.

Disclaimer: This is not professional trading advice.

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ملاحظة

KO may be falling out of the ascending triangle. There is low trading volume and a sell off may bring it below the resistance level.