Charts reveal if Coca-Cola HBC can pop to new high
This company, which bottles and sells Coca-Cola's fizzy drinks in 28 markets, has already had a good year. Independent analyst Alistair Strang gives a chartist's view of prospects for the rest of 2025 and beyond.
3rd December 2025 07:40
by Alistair Strang from Trends and Targets

As it’s the time of year, when we’re subjected to extraordinary efforts by Coke to convince the world they invented Christmas. There are certainly some signals the share price of Coca-Cola HBC AG (LSE:CCH), one of its bottling firms listed in London, is limbering up to display a bit of fizz anytime soon, though this may be something to do with a few recent articles lauding Coca Cola for their track record in paying dividends.
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And we also cannot ignore the fact the share price has experienced a stonking 35% rise this year against the background of a FTSE 100 which has “only” achieved 17% so far. To avoid inflicting pain, we’re not going to compare the FTSE with other world markets yet as we plan such a depressing initiative for closer to the year end.
The immediate situation for Coke has a vague hint the share price shall behave in a fashion similar to a 2 litre cola bottle, dropped from the boot of a car and rolling down the drive, when unloading a shopping.
Share price movement next above 3,842p has the potential to trigger a leap to an initial 3,917p with our secondary, if bettered, at 3,967p and probable hesitation.
In the event of future closure above 3,967p, things become quite interesting as a future 4,293p should make itself known as a longer-term attraction.
Our alternate scenario, if Coke decides to lose its fizz, expects movement below 3,417p to trigger reversals down to an initial 2,932p with our secondary, if broken, at 2,550p and visually, a level from which a bounce should occur. But overall, our suspicion is for the future to produce share price growth.

Source: Trends and Targets. Past performance is not a guide to future performance.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
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