
$42.20 provided support several times from January through March. With shares trading around $43.70, a retracement lower would test that support level. If Coke shares broke lower, the next support tests would be the February low of $40.67 and the March 5th low of $37.85.
$44 has been the key resistance level since January, established on January 14th and subsequently held throughout that month. Coke broke through $44 once in February and immediately turned lower. The March rally turned Coke's $44 resistance into a new support level.
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