#FTSE #DOW Young grandchildren bring surprising gifts at Xmas. Perhaps the most memorable has been the gift of a rotten cold which refuses to go away. When kids leave the germ factory which is a school, why are they not decontaminated? The other surprise was the death of Coca Cola!
Despite laying in supplies for the childrens stay over the festive period, the news neither of the girls drink Coke justified raised eyebrows, not least due to the collection of 2 litre bottles awaiting their attention. For some reason, our grandchildren transited to the land of Pepsi, preferably straight from the fridge. Opting to taste the stuff provoked a real surprise, instantly transported back to childhood and questioning why anyone actually drinks Coke?
Chilled Pepsi, it transpires, is quite nice! But the jury is firmly out, it’s flavour proving slightly overwhelming when used as a mixer.
A resolution to review Coke’s share price, mildly curious whether the rest of the world has experienced a similar taste conversion, has finally been enacted and to our surprise, it appears Coke still has some fizz left in it. Currently, above 2,730 looks capable of a climb up to an initial 2,856p. If exceeded, our secondary is a useful looking 2,948p.
The reason we “like” 2,948p is closure above this point is liable to be game changing for the longer term, taking Coke’s share price into a region where a new all time high of 3,370 becomes very possible. Unfortunately, visually it appears 2,856 should prove perfectly capable of giving a stutter in the current rising cycle.
If Coke opts to have a Mentos moment, below 2,350 looks troubling as reversal to an initial 2,182 becomes expected. Secondary, when broken, is a bottom (hopefully) at 1,825p.
(Though if you want a real Mentos moment with coke, squirting lighter gas into a 3/4 full bottle provokes an energetic rocket. Do not try indoors or anywhere near anything which can be broken. Guess who got into trouble with grand-kids parents…)
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