Coca-Cola: Weak Uptrend This YearThe Coca-Cola Company shares are traded on the New York Stock Exchange, instrument's symbol is NYSE:KO.
Last year this stock had a downtrend, and recenetly made the low at $39.88. After that, the price started to rise. What's going to happen next? Look at the chart.
Ranging between two parabolic curves since 2009
This stock is looks rising since 2009, but in fact it's ranging between the two parabolic curves. It's simply bouncing between them: when the price crashes, the crash stops at the curve line and begins rising after that, until the upper curve touch.
During the recent months, the price touched the lower curve, and, according to another indicator - RSI - it started its new "uptrend" which is expected to happen until the end of this year. The growth is expected to be pretty weak: just back to $45 area, so it's around 10% growth.
What is any of the curves is broken?
If the price jumps above the upper curve or falls below the lower one and holds there, then this range will be considered broken. In this case we may see a stronger trend to the direction of the corresponding breakout.
