Coca-Cola may fall to 59.50 - 60.20

Our pivot point is at 63.5.

Our preference

Target 60.2.

Alternative scenario

Above 63.5, look for 64.6 and 65.3.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under its 20 day moving average (62.9215) but above its 50 day moving average (61.8036).

Supports and resistances

65.3 **

64.6 *

63.5 **

63.1

62.55 (USD-last)

60.8

60.2 **

59.5 *

58.9 **

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