Coca-Cola may fall to 63.10 - 64.00

Our pivot point stands at 69.9.

Our preference

The downside prevails as long as 69.9 is resistance.

Alternative scenario

Above 69.9, look for 71.4 and 72.3.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 70.177 and 70.6606). Finally, Coca-Cola has penetrated its lower daily Bollinger band (68.12).

Supports and resistances

72.3 **

71.4 *

69.9 **

69.3

68.01 (USD-last)

64.8

64 **

63.1 *

62.3 **

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