Coca-Cola may fall to 66.70 - 67.60

Our pivot point stands at 72.1.

Our preference

Target 67.6.

Alternative scenario

Above 72.1, look for 73.6 and 74.5.

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 (71.4485) but above its 50 day moving average (70.1618). Finally, Coca-Cola has penetrated its lower daily Bollinger band (70.61).

Supports and resistances

74.5 **

73.6 *

72.1 **

71.6

70.52 (USD-last)

68.4

67.6 **

66.7 *

65.8 **

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