Coca-Cola KO technical analysis

KO trades at $88.07, down 0.83% in 24 hours, with RSI14 at 27 on the 4h chart indicating oversold momentum, while the 1D RSI14 sits at 46. Price is below the 4h SMA20 of 89.5646, reflecting short-term bearish pressure despite a mixed daily trend (SMA20 88.918 above SMA50 86.1746).

The immediate battle is between 4h support 87.53-87.97 (3 touches) and resistance 88.955-89.225 (2 touches), with a rising support trendline at ~88.1583 (3 touches) and falling resistance trendline at ~88.7275 (2 touches). Below, 4h support 86.7179-86.9821 (1 touch) and 84.68-86.19 (6 touches) offer deeper floors; above, 4h resistance 89.7754-90.0396 (2 touches) looms.

Bulls need to reclaim the 4h falling resistance trendline at ~88.7275 and close above 89.225 to target 89.7754-90.0396. Bears must break 87.53 and the rising trendline at ~88.1583 to challenge 86.7179-86.9821, with 84.68-86.19 as the key lower zone.