Coca-Cola in a freefall - Analysis -15-01-2021

Economies.com
2021-01-15 09:12AM UTC

Coca-Cola's stock (KO) fell 1.85% in the last session, with negative pressure from the 50-day SMA, while hurt by piercing the upside trend line recently, steading eventually near 49.23. 

 

Therefore we expect more losses for the stock, targeting the pivotal support of 47.35, provided the resistance of 51.25 holds on. 

 

Expected trend for today: Bearish 

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