Coca-Cola may fall to 59.10 - 59.80

Our pivot point stands at 62.9.

Our preference

Target 59.8.

Alternative scenario

The upside breakout of 62.9 would call for 63.9 and 64.6.

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 (62.617) but above its 50 day moving average (61.1532).

Supports and resistances

64.6 **

63.9 *

62.9 **

62.5

61.97 (USD-last)

60.4

59.8 **

59.1 *

58.5 **

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