Use advanced tools to confirm the Ascending Triangle on KO before you trade.
Bullish continuation pattern.
Sideways movement between parallel supports.
Consolidation. Can break either way.
Traders are watching Coca-Cola Company (The) (KO) as price action tightens. Price has moved to $82.25 (1.33%) amidst recent volatility. Price action has carved out a classic Ascending Triangle. This setup is supported by average volume turnover. A potential breakout level is identified at $85.68, targeting $92.62 with support near $80.83 (R:R 1.43).
What is your outlook on KO?