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.
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