KO was posted as a short setup on May 20th and triggered an entry the following day on the break below the ascending channel on the daily chart.  Although my first and preferred target at this time remains 36.00, I have modified T2 from 32.40 to 33.40.  I also wanted to point out that the 40-week ema (same as the 200-day ema) has acted as decent support and resistance on the stock over the last decade and as prices are now approaching that level from above, shorter-term traders might choose to book partial or even full profits just above that level.  Again, my preferred target and personal plan is to hold out for at least T1 (36.00) but I did want to point out the fact that KO may find some support on the first tag of the 200 ema.  My expectation though is that a bounce, if any, will be relatively short lived.  Original daily chart followed by updated daily & weekly charts below: