Simple Coca Cola daily chart analysis

Coca Cola, my favorite defensive stock seems to be at a price decision in time. I have found a single trend line that looks reasonable. There seems to be a lot of congestion in price over the last few days this leads me to believe a breakout is coming soon. 25% of my portfolio is Coca Cola, it pays great dividends and I love the history of the company. It is a solid choice for these economically uncertain times, I think they do soda better than anyone else I been drinking Coca Cola as long as I can remember its still my favorite.

I believe its possible to see a retracement down to cheaper prices but I also don't believe in waiting for such occurrences to happen so I have already been accumulating for the last few weeks. The range of the intrinsic value of Coca Cola is between $50 - $180. My prediction for the price is that it will go up over the next 12 months. Thank you for reading my article and best wishes, cheers.