Stocks

Coca-Cola may rise to 71.60 - 72.60

2024-08-14

Our pivot point is at 66.5.

Our preference

The upside prevails as long as 66.5 is support.

Alternative scenario

Below 66.5, expect 64.8 and 63.8.

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 66.8675 and 64.7304).

Supports and resistances

73.6 **

72.6 *

71.6 **

70.6

68.17 (USD-last)

67.2

66.5 **

64.8 *

63.8 **

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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