Coca-Cola may rise to 66.00 - 66.70

Our pivot point is at 62.1.

Our preference

As long as 62.1 is support look for 66.

Alternative scenario

The downside breakout of 62.1 would call for 60.9 and 60.1.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 63.338 and 62.8718).

Supports and resistances

67.4 **

66.7 *

66 **

65.3

63.76 (USD-last)

62.5

62.1 **

60.9 *

60.1 **

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