HotForex

COKE Reversed Off Resistance, Potential Drop!

Short
NASDAQ:COKE   Coca-Cola Consolidated, Inc.
COKE reversed off its resistance at 221.74 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing high resistance) where it could potentially fall to its support at 198.06 (23.6% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching resistance at 99% where a corresponding drop could occur.

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.