Coca-Cola Consolidated: the rebound tests the decline

At week 12 of a sell signal, Coca-Cola Consolidated presents a changed picture: after a double bottom in the 164 area with an 11% intermediate rebound, the confirmation week closed bullish and the model suggests exiting the short position. The technical rebound has eroded much of the bearish pressure that defined the trade until now. The quality band flags trading as not recommended.