Investing.com investing.com 22 Dec, 2020 22:15 am

Waiting For Some Fizz From Coca Cola Stock

Waiting For Some Fizz From Coca Cola Stock
Stocks Analysis by Anna Coulling covering: Coca-Cola Company. Read Anna Coulling's latest article on Investing.com

com/analysis/waiting-for-some-fizz-from-coca-cola-stock-200548670 By Anna Coulling   |  10 hours ago (Dec 22, 2020 07:14AM ET) p And here we have another stock where support and resistance levels coupled with the volume point of control are likely to play an important role and this time it is Coca-Cola (ticker NYSE: KO ),  and perhaps one to add to the watchlist.Following November’s gap up, the stock has been oscillating around the volume point of control on the weekly chart which is what we would expect to see.In other words, a period of congestion building around the VPOC itself, the yellow dashed line, that is anchored in the $53.The price resistance ahead is clearly defined with the blue dashed line of the accumulation and distribution indicator and as we can see is significant for two reasons.

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