Coca-Cola may rise to 65.50 - 66.10

Our pivot point is at 62.1.

Our preference

The upside prevails as long as 62.1 is support.

Alternative scenario

The downside breakout of 62.1 would call for 60.9 and 60.2.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 62.312 and 60.8344).

Supports and resistances

66.8 **

66.1 *

65.5 **

64.8

63.03 (USD-last)

62.5

62.1 **

60.9 *

60.2 **

Number of asterisks represents the strength of support and resistance levels.