Today’s instrument is the Coca-Cola Co‘s stock traded on the Nasdaq exchange under the ticker KO.

When we look at the KO‘s chart, we can see that it is traded in the range of around $61.80 and $63.80 for the past few days whereas currently it is traded at the closed price of $62.50. Today we could expect its price to test its resistance level at around $63.80-64 and if not able to pass it then retreat towards its support level at around $61.80.

(Click on image to enlarge)

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