Coca-Cola faces strong resistance - Analysis - 17-10-2018

Coca-Cola's stock rose anew in the intraday levels with positive signals from the RSI, scoring a profit of 1.29% in the last session, or 0.58 points, and touching the resistance of the 50-day SMA, coinciding with retesting the upside correctional trend line that breached previously in the short term. 

Therefore we expect the stock to return lower, as long as the resistance of 45.75 holds on, targeting the support of 44.39. 

Expected trend for today: Likely Bearish