Stock Markets Analysis and Opinion
Coca-Cola Stock Could Test Support
2022.04.27 12:21
When we look at the Coca-Cola Co (NYSE:KO) chart, we can see its climb from the $65 level on Apr. 20 to the high of $66.75 on Apr. 22 and the retraction to the $64.5 level the next day as, probably in anticipation for its Earnings announcement scheduled for the 26th 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 manages to hold on to the current level, then a move towards the $67 resistance level can be expected.
Coca-Cola stock price chart.
