Coca-Cola may rise to 65.60 - 66.30

Our pivot point stands at 61.5.

Our preference

As long as 61.5 is support look for 65.6.

Alternative scenario

The downside breakout of 61.5 would call for 60.3 and 59.6.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is below its 20 day moving average (63.157) but above its 50 day moving average (62.962).

Supports and resistances

67.1 **

66.3 *

65.6 **

64.9

63.1 (USD-last)

61.9

61.5 **

60.3 *

59.6 **

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