Coca-Cola Long PositionDear Traders,
Our analysis of the Coca-Cola(KO) stock chart suggest a short-term decline before reacing our target price. The stock is currently near the upper boundary of a rising channel, indicating potential resistance and likely pullback.
We anticipate the price may drop further before the bounce.
Additionally, the RSI indicates the stock was overbought and is now correcting, supporting our expectation of a short-term decline followed by an upward move.
Thank you for your attention.