Coca-Cola (KO stock): A move close to the $64.5 level is expected as overall market conditions worsen
Today’s instrument is the Coca-Cola Co‘s stock traded in Nasdaq exchange under the ticker KO.
When we look at the KO ‘s chart, we can see its climb from the $65 level on the 20 th of April to the high of $66.75 on the 22 nd of April and the retraction to the $64.5 level the next day as probably in anticipation for its Earnings announcement scheduled for the 26 th of April. The results were positive leading to the spike in the open, rising from the $64.5 to as high as $67 but ultimately returning to the $65 range where it was last found trading.
Today we can expect a move close to the $64.5 support level as overall market conditions worsen.
If however, it manage to hold on to the current level then a move towards the $67 resistance level can be expected.
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Author
AAATrade Team
AAATrade
The AAATrade Team has extensive experience in content writing for the financial industry. Stelios Nikolaou is the lead writer of the team, he currently works at AAATrade to provide research and content writing services.
