Coca Cola (KO) has been bullish in 2017 after a bearish 2016. The daily chart shows a double bottom form at the turn of the year, and a subsequent rally that stalled at 46.00 in June.Coca Cola (KO) Daily Chart(click to enlarge)Consolidation:- As we can see on the daily chart, price action has been bullish in 2017, rallying from 40.00 at the end of last year to 46 by May.- It has since been consolidating.- The consolidation could be over as price rebounds. - Note that the RSI held above 40, which reflects maintenance of the bullish momentum.- Also, price remains above the 200- and 100-day simple moving averages (SMAs). - KO has been able to make a new high every year or two, so I think with the bullish continuation scenario, there is at least upside to 47-47.15 and possibly beyond.