KO - 4h - Trading Idea
A break below support could signal a further drop in the stock.
Coca-Cola Co (NYSE: KO) saw its rapid rise halt at 73.00 USD, with the price now consolidating within a range of 70.30 to 72.30 USD.
Every time the price approaches resistance at 72.30 USD, buyers seem to fade, resulting in a pullback.
If investors start locking in profits on a larger scale, the 70.30 USD support may break, potentially driving the price down to 68.00 USD.
Coca-Cola Co (NYSE: KO) saw its rapid rise halt at 73.00 USD, with the price now consolidating within a range of 70.30 to 72.30 USD.
Every time the price approaches resistance at 72.30 USD, buyers seem to fade, resulting in a pullback.
If investors start locking in profits on a larger scale, the 70.30 USD support may break, potentially driving the price down to 68.00 USD.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.