Market falls, but Coca-Cola grows

13 april 2022 107
Volkov_Anton
Volkov_Anton

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After the march fall, Coca-Cola shares have come to a stable uptrend. Even though the rebound of the market had stopped 2 weeks ago, Coca-Cola continues to grow and to renew the historical maximums. 


Seems that the investors see the Coca-Cola shares as the shelter from the increased economic instability. However, the strong overbought on RSI presages the upcoming correction. In this case, the price can find support near the line of the growing trend and level 63. 

Volkov_Anton
Volkov_Anton

Listed among the best MarketCheese authors
1st in the segment "Currencies"
2nd in the segments "Indices" and "Metals"
3rd in the segment "US stocks"
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