Coca-Cola's downtrend gets confirmed

30 june 2022 44
Volkov_Anton
Volkov_Anton

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After setting an all-time high of 66.99 on April 25, Coca-Cola shares went into a downtrend. The general decline in the stock market does not go unnoticed by Coca-Cola, despite the defensive status of its shares.

 

The growth wave of the second half of June ended exactly at the trend line. A reversal pattern "harami cross" appeared on the chart, and the Stochastic indicator gives a signal to decrease: the blue line crossed the red line from top to bottom in the overbought zone. The nearest targets of the "bears" are levels 61.9 and 61.

Volkov_Anton
Volkov_Anton

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