Hi Lindfield, I agree with Adventra that there is a significant support level at $25.70, formed by confluence of the 195EMA with 38.2% fib on the weekly chart. I've taken a slightly different view in terms of S & R trendlines though:
The weekly shows WOW in a long term triangle consolidation pattern after a bullish run 2003-07. Unfortunately the SP is currently in the middle of that triangle, so unless you're already in, its best to wait to see what develops I think.
The daily shows some short term upwards momentum. The ST target would have to be $28.50, which is the triangle's upper boundary (resistance). The two most recent lows form a possible horizontal $26.80, although if that fails its back to $25.80.
Cheers, Sharks
PS: I hope you bought some COK again on the recent dip? I did but too little & sold too quickly... :-(
