Coca-Cola's downtrend gets confirmed

30 June 2022 241
Load the latest quotes
Full screen

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.

This content is for informational purposes only and is not intended to be investing advice.

New Popular
Commenting rules

Subscribe to our newsletter and stay up to date with all the news!