Coca-Cola declines alongside upward trend line - Analysis - 03-06-2020

Coca-Cola's stock fell 0.19% in the last session while gathering momentum to help it rise anew, as it vented off overbought saturation from the RSI, while trading alongside the upward short-term trend line, with support from the 50-day SMA. 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 49.72, provided the support of 44.62 holds on. 

Expected trend for today: Bullish