Coca-Cola driven lower by pivotal resistance - Analysis - 01-04-2020

Coca-Cola's stock dropped 1.67% in the last session after the pivotal resistance of 44.75 held on, amid the dominance of the downward short-term trend, with negative pressure from the 50-day SMA, as the RSI reached overbought levels, hinting at negative divergence. 

Therefore we expect more losses for the stock, targeting the first support at 41.20, as long as the resistance of 44.75 holds on. 

Expected trend for today: Bearish