Coca-Cola Company Stock Code KO.NYS
Price moved and closed below the cloud in the previous trading session, changing the chart outlook from bullish to bearish. The first target would be the recent low at $52.40. A break of this support would confirm a Double Top chart pattern with a price target at $47.54. Conversion and Base lines had a bearish crossover and is hinting at a bearish price trend. Lagging Span is below price of 26 days ago and below the cloud, confirming the bearish trend. MACD has a bearish crossover and is moving lower and hinting at a bearish price trend. If price is unable to close the gap and move above $55.45, the stock price could be heading towards the support at $47.54.
$53.80 Short Sell
$50.85 Price Target
$55.50 Risk Management Stop
3 weeks Trade Duration