itshabib

KO downtrend might be taking a break soon

NYSE:KO   Coca-Cola Company (The)
KO had 4 down weeks in a row, we're now at the 200 week MA. There are signs that the downtrend could be weakening so I will be watching it for a reversal soon. Depends if it follows through on that last big red candle. If it follows through and breaks the 200W ma, I'd expect the correction to continue.

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