Coca-Cola may fall to 66.40 - 67.20

71.8 is our pivot point.

Our preference

The downside prevails as long as 71.8 is resistance.

Alternative scenario

Above 71.8, look for 73.1 and 73.9.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 70.617 and 70.5944).

Supports and resistances

73.9 **

73.1 *

71.8 **

71.3

69.9 (USD-last)

68

67.2 **

66.4 *

65.6 **

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