Coca-Cola may rise to 74.50 - 75.50

Our pivot point stands at 69.8.

Our preference

The upside prevails as long as 69.8 is support.

Alternative scenario

Below 69.8, expect 68.1 and 67.1.

Comment

The RSI is trading above 70. This could mean that either the stock is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 68.924 and 66.0688). Finally, Coca-Cola has crossed above its upper daily Bollinger band (71).

Supports and resistances

76.5 **

75.5 *

74.5 **

73.5

71.5 (USD-last)

70.4

69.8 **

68.1 *

67.1 **

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