Coca-Cola may fall to 59.30 - 60.00

Our pivot point stands at 63.8.

Our preference

Target 60.

Alternative scenario

The upside breakout of 63.8 would call for 65 and 65.6.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is below its 20 day moving average (62.6165) but above its 50 day moving average (61.0182).

Supports and resistances

65.6 **

65 *

63.8 **

63.3

62.09 (USD-last)

60.7

60 **

59.3 *

58.6 **

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