KO to the downsideThis is KO's weekly chart. The current bar is still open and it's only Tuesday. 3 more days to go tp see if it will end up being a shooting star pattern on a trend line retest.
The MACD histogram is showing weakness as well with a potential cycle peak.
Also, we had a lower low today vs yesterday. Forecasting a retrace back to $52 area in the next couple of days before heading down.
Target profit 1 is $48.50
Target profit 2 is $44.50
If price goes above $52.50 in the next few days, then this setup is invalidated.
Disclaimer: I'm not giving any trading and investing advice. Just sharing my chart observations.
If you have any symbols that you'd like met o analyze, feel free to drop me a comment.
Thanks!