Hey everyone, here's the analysis on KO. Hit the LIKE button, follow us & leave a comment on stock ideas you want to see next!
Summary: Current price could drop from our R1 zone to our S1 zone, presenting us with a good opportunity to sell.
Action: Sell Limit: 45.34 Stop Loss: 52.00 Take Profit: 35.00
Analysis: Monthly trend line was broken and re-tested with a strong rejection off our R2 zone, as captured by the recent spike. R1 zone is holding out nicely as a resistance and current price could drop to our S1 zone.
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