Coca-Cola climbs alongside correctional downward trend line - Analysis - 27-10-2021

2021-10-27 11:08:27 GMT (Economies.com)
 

Coca-Cola's stock (KO) rose 0.44% in the last session, settling at 54.47, and testing the resistance of the downward correctional short-term trend line, with negative pressure from the 50-day SMA, coupled with negative signals from the RSI.

 

Therefore we expect the stock to return lower, targeting the support of 53.70, provided the resistance of 55.50 holds on.

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1311
0.0041
0.3629%
1.3321
0.0011
0.0857%
Tadawul
10810.60
-60.02
0.55%
22.955
-0.090
0.388%
69.357
-3.044
4.204%
72.89
-0.58
0.79%
1793.150
8.060
0.452%
 
 
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