vlad.adrian
Short

KO - Topped out

NYSE:KO   COCA COLA CO
189 1 4
The monthly chart of KO             speaks for itself. A long lasting divergence and a false upside breakout.
snapshot
. 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.
DanV MOD
2 years ago
I think it will drop in due course to retest 2009 low at the minimum. It has completed the larger cycle from 1980 and which as also been the 5th wave on major market from 1929-30 low so it could get very ugly, at least for the price if not the beverage it manufactures.
snapshot
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