After rallying over the last 3 years The Coca-Cola Company (NYSE:KO) looks to be setting up to reverse course and give back some of its gains. Why have I turned bearish on KO?

KO recently broke its 1 year uptrend and created a double top reversal. After forming this double top reversal, KO broke double top support @ 57 late last week on heavy volume. As well as forming this geometric pattern, there is a bearish cross in the 26, 50, 101 exponential moving averages.


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