1
KO stock price has dragged below the 20 day EMA and showed bearishness.
2
Buyers have lost momentum and are in trouble.
Coca Cola Company (NYSE: KO) KO stock price was trading in a downtrend and has showcased selling pressure for the past sessions. Moreover, the price action shows that buyers failed to hold the significant support zones and due to intense selloff, KO stock persisted in smashing the clusters. Furthermore, KO stock price was in a strong downtrend and has retested the demand zone of $50 in the past sessions. Thereafter, a pullback was noted on the charts and KO stock rose to retest the immediate neckline of $54.
Coca Cola (KO stock) price has formed a hammer candlestick and made a bottom near $50. Last session, KO stock sustained the gains and closed in green showing that buyers are looking for a significant reversal and regaining strength. As per the options chain, at the strike price of $55, a massive open interest of 8474 hundred sha
We współpracy z: https://www.thecoinrepublic.com/2023/10/17/coca-cola-stock-nyse-ko-continues-to-slip-will-ko-hold-50/
