Coca-Cola $COKE has been choppy in the past few years. The daily chart shows the sharp swings north and south since 2015. The latest such swing was from July 2017 to May 2018, when price dropped from almost $250 to just about half that, $125. Since then, we have seen a rebound. But this rebound should face resistance as COKE approach $161 a share. COKE Daily Chart(click to enlarge)Rebound:- The daily chart shows the market rebounding. - However, note that price is already running up against the a previously broken trendline. - More importantly, the RSI is now above 70, which suggests overbought condition in a sideways or bearish market - and we are in a bearish market.- If there is some short-term bullish momentum left and price continues to roll up, we can anticipate resistance around $160. This is a previous support/resistance pivot, and where the 200-WEEK simple moving average resides (refer to the weekly chart below).- Also, if the weekly RSI stalls around 60, while the daily RSI shows a bearish divergence, we should anticipate price to retreat back towards the $130 area. COKE Weekly Chart(click to enlarge)