Coca-Cola: Uphill Battle Toward Key Resistance

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The climb toward our resistance level at $74.38—and ultimately into our beige Target Zone between $76.58 and $81.51—remains challenging for now. Coca-Cola shares have made little headway over the past two weeks. With the stock swinging both up and down, there’s still no clear direction. We’re maintaining our primary outlook, expecting the stock to move higher and establish the wave III top before a more significant pullback sets in. However, there’s a 38% chance that wave alt.III has already peaked, which could lead to an immediate drop below the $66.05 support level.

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