HotForex

COKE Reversed Off Resistance, Potential Further Drop!

Short
NASDAQ:COKE   Coca-Cola Consolidated, Inc.
Coke tested its resistance at 221.74 (100% Fibonacci extension, 76.4% Fiboancci retracement, horizontal swing high resistance) and reversed towards its support at 185.83 (61.8% Fibonacci retracement, horizontal pullback support).
Stochastic (89, 5, 3) has reversed off near its resistance at 99% where a corresponding drop could occur.

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