Coca-Cola may rise to 66.30 - 67.00

Our pivot point is at 62.6.

Our preference

The upside prevails as long as 62.6 is support.

Alternative scenario

The downside breakout of 62.6 would call for 61.3 and 60.6.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 63.348 and 62.6068).

Supports and resistances

67.8 **

67 *

66.3 **

65.5

63.65 (USD-last)

63

62.6 **

61.3 *

60.6 **

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