The stock of Embotelladora Andina S.A. (AKO-B) formed a descending triangle with $23.11 target or 6.00 % above today’s $21.80 share price. The descending triangle is in our view more reliable than the ascending one. The descending triangle pattern has break even failure rate for up and down breakouts of 7% and 16%, respectively. Embotelladora Andina S.A. (NYSE:AKO.B) has declined 25.48% since March 23, 2018 and is downtrending. Embotelladora Andina S.A., together with its subsidiaries, produces, markets, and distributes Coca-Cola soft drinks in Chile, Brazil, Argentina, and Paraguay.

Source: Wall Street Journal March 23, 2019 12:27 UTC