Coca-Cola racks up gains - Analysis - 14-11-2017

Coca-Cola's stock (KO) kept rising in the intraday levels, scoring a fresh profit of 0.39% in the last session, or 0.18 points, amid the dominance of the upward correctional short-term trend, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI, as the stock readies to tackle the pivotal resistance of 46.98. 

Therefore we expect more gains for the stock, especially if the resistance of 46.98 was breached, targeting the next one at 47.68.