Fade2Black
Long

KO on the way up!

NYSE:KO   COCA-COLA COMPANY (THE)
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. :-)
Spot on so far.
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