09.07.2015 - Coca Cola will likely continue to decline

Coca Cola's share price continued to decline within the descending channel and after recent correction approached the upper boundary of the channel. At the moment there is a high probability of descending movement to the nearest support at 39.00, after overcoming of which we expect decline to 38.00 and 37.00. According to our estimates more likely is the reduction of prices in the medium term and in the near future.

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