Coca-Cola collects profits - Analysis - 20-12-2021

Coca-Cola's stock (KO) fell 1.57% in the last session on profit-taking, while gathering momentum to rise anew, as it vented off overbought saturation in the RSI, settling thereafter at 57.73, amid the dominance of the main upward trend in the medium term, with support from the 50-day SMA.

Therefore we expect the stock to return higher, targeting the resistance of 60.70, provided the support of 57.50 holds on.

Expected trend for today: Bullish