Stocks

Coca-Cola may rise to 66.00 - 66.70

2024-06-09

Our pivot point stands at 63.

Our preference

The upside prevails as long as 63 is support.

Alternative scenario

Below 63, expect 62 and 61.4.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 62.963 and 61.5152).

Supports and resistances

67.2 **

66.7 *

66 **

65.4

63.91 (USD-last)

63.4

63 **

62 *

61.4 **

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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