KO is currently extremely oversold as it meets support levels at $40.
As the price goes back up we may possibly find that the past $41.15 support level now becomes a short term resistance as it is also a gap fill. I expect a lot of profit taking at $41.15.
This should just be temporary though as long term KO should break through $41.15 and continue upwards.
So Bullish on KO right now. :-)
As the price goes back up we may possibly find that the past $41.15 support level now becomes a short term resistance as it is also a gap fill. I expect a lot of profit taking at $41.15.
This should just be temporary though as long term KO should break through $41.15 and continue upwards.
So Bullish on KO right now. :-)