* See UPDATES below...
Price on this monthly chart of Coca-Cola (KO) is sitting just below the apex (53.50) of a large diamond pattern...typically a bearish signal.
Failure to rise and remain above this long-term resistance level could see a sizeable pullback, particularly if Coke's customers begin to pull back their buying of (what once was) the "pause that refreshes" soft drink...as Coca-Cola continues its recent political activism against Caucasians and its participation in extreme far-left "out-of-control cancel-culture" actions by individuals and major corporations against Republicans and Conservatives...and, even entire States, e.g., Georgia (one of 23 Republican-controlled states).
"In short, corporate America is making sweeping economic threats to states which pass laws designed to improve election integrity."
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