Hello people! The Coca-Cola Company, one of the largest producers of carbonated soft drinks which is sold to more than 200 countries around the globe, posted a 2010 3rd quarter net income of 2.1 billion dollars which is up by 1.9% compared to the same period a year ago. Their world most famous soft-drink, Coca-Cola and other beverages boost their sales and brought home the favorable numbers. Its positive income report propelled the stocks (KO in the New York Stock Exchange) to move higher yesterday by 0.6% to $60.34.

In my technical analysis, the $59.45 resistance has been cleared out last week as the stocks ascend. By the way, if you want to check my last post on this, kindly click this link. Anyway, the next resistance the KO stocks could encounter is $61.90 then after that is $65.59. In any case the stocks fail to rise, the immediate support could be the 3-month uptrend. If that uptrend gets broken, the next support could be $57.22. If that support still fails to hold the price from further falling, a strong support could be the 18-month uptrend.