The monthly chart of KO speaks for itself. A long lasting divergence and a false upside breakout.
It is hard to say how big the downtrend will be, but at the moment, it is clear that only selling should take place.
The weekly chart is already down pretty heavily. A histogram divergence and a larger MACD lines divergence with a false upside breakout leaves room for more. I would not be surprised to see this stock at 30$ in a year.
Any rally is a good opportunity to sell. 41.50$ and 42.50 are likely to be retested.
The weekly chart is already down pretty heavily. A histogram divergence and a larger MACD lines divergence with a false upside breakout leaves room for more. I would not be surprised to see this stock at 30$ in a year.
Any rally is a good opportunity to sell. 41.50$ and 42.50 are likely to be retested.