The Coca-Cola stock is coming close to its summer minimum of 58.2. At the same time, the preconditions for a rebound are gradually forming: the Stochastic indicator shows oversoldness, and the last candlestick on the chart took the doji shape – it’s a signal for a possible change of the current trend.
On the rebound, the main battle between buyers and sellers will unfold in the range of 60.5-61.
This content is for informational purposes only and is not intended to be investing advice.
