Coca-Cola's stock (KO) rose in the intraday levels, amid negative pressure from the 50-day SMA, while settling below the resistance of 45.28, representing the ratio 38.2% of Fibonacci retracement levels for an ascending wave in the short term (from 39.88 to 48.62), with negative pressure from the RSI after reaching extremely overbought levels compared to the stock's movements.
Therefore we expect the stock to return lower, especially if the support of 44.35 was breached, targeting the next one at 43.22, which represents the ratio 61.8% of the same retracement levels.