18.04.2016 - Price of Coca-cola can jump upwards

Stock price of Coca-cola has corrected to the lower limit of the upward channel and is now consolidating near the level of 46.00. Fixing of quotations below this level will confirm the sell signal with the objectives at 45.30 and 44.00. At the same time, at the moment there is a high probability of the price rebound upward from the lower boundary of the channel and in such case the first target will be 47.00. We expect growth in the near future, with the potential of reaching 50.00.

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.