Hiyo people! I’m pretty sure that everyone knows what the Coca-Cola Company produces. Fine, for those who don’t, they are the ones that produce the world’s most famous soft-drink, Coca-Cola or Coke. Since the start of the year 2010, the shares of Coca-Cola or KO in the New York Stock Exchange has been moving in a descending channel and could continue to head that direction. Currently, a clear support can be seen at $49.94. Once the price slips below that number, its shares could head down to the descending channel’s support. However, if Coca-Cola makes a turnaround (in that case they need to force more people to drink Coca-Cola… kidding!) and starts to ascend, it could aim at least for the $53.80 marker. Once that price mark is cleared out, the next resistance could be at $55.00-$56.00.