Coca-Cola ends cautiously higher - Analysis - 02-03-2021

Coca-Cola's stock (KO) rose 1.86% in the last session, while hurt by piercing the upside trend line previously, amid negative signals from the RSI, coupled with negative pressure from the 50-day SMA. 

Therefore we expect the stock to return lower, targeting the support of 47.36, provided the resistance o 51.25 holds on.

Expected trend for today: Bearish