Big movement expected on Coca-Cola Co. after a breach of the support

Coca-Cola Co. has broken through a support line of a Triangle and suggests a possible movement to 51.54 within the next 8 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 7 days.