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

2020-06-03 11:37:16 GMT (Economies.com)
 

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 

 
 
 
  Symbol Last Change Chg.%
1.1246
-0.0031
0.2718%
1.2486
0.0178
1.4462%
Tadawul
7388.49
76.25
1.04%
18.047
0.268
1.507%
40.285
1.510
3.894%
42.80
-0.34
0.79%
1774.730
3.115
0.176%
 
 
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