FX.co ★ Patterns #KO | The Coca-Cola Company Stock Price

The Bearish pennant pattern has formed on the #KO M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 69.73 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

On the chart of #KO M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 70.74; the lower boundary 70.56; the width of the pattern 18 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 70.41 level.

The Double Top pattern has been formed on #KO M5. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 70.03 is broken, the downward movement will continue.

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart #KO M5. Forecast: if the price breaks above the pattern high at 71.34, then traders will be able to place a long deal with the target at 71.49.

The Double Bottom pattern has been formed on #KO M15. Characteristics: the support level 70.73; the resistance level 71.05; the width of the pattern 32 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 31 points.

According to the chart of M5, #KO formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 70.73/70.93 and upper border is 71.22/70.93. The pattern width is measured on the chart at -49 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and #KO breaches the lower border, the price could continue its move toward 70.78.

The Bullish pennant graphic pattern has formed on the #KO M15 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 71.93.

According to the chart of M5, #KO formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 69.37, the lower border is 69.15. The signal means that a short position should be opened after fixing a price below the lower border 69.15 of the Bearish Rectangle.

The Triple Bottom pattern has been formed on #KO M5. It has the following characteristics: resistance level 69.99/69.84; support level 69.53/69.55; the width is 46 points. In the event of a breakdown of the resistance level of 69.99, the price is likely to continue an upward movement at least to 69.73.

The Bullish Flag pattern has been formed on the chart #KO M5 which signals that the upward trend will continue. Signals: а break of the peak at 70.29 may push the price higher, and the rise will be the projection of the pole.