This move happened on lower volume, as yesterday’s volume was down 28.91% from the day before — and down 37.06% from the same day the week before.
The price move occurred on stronger volume; specifically, yesterday’s volume was up 80.74% from the day prior, and up 68.42% from the same day the week before.
I think she'll drop down to 49 or high 48 before surging up for earnings.
Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
Price action traders may also wish to note that we see a pin bar candlestick pattern on coca-cola.
As for how volume fared, yesterday’s volume was up 200.83% from the previous day (sunday), and up 163.71% from monday of the week before.
The change in price came along side change in volume that was up 1.79% from previous day, but down 44.56% from the thursday of last week.
This move is a reversal from the hour prior, which saw price move down.
Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.