Coca-Cola readies to tackle important resistance - Analysis - 22-10-2018

Coca-Cola's stock returned higher while shaking off negative pressure from the 50-day SMA, scoring a profit of 1.58% in the last session, or 0.72 points, amid the dominance of the upward correctional short-term wave along the trend line, readying thereafter to tackle the important resistance of 46.87, with positive signals from the RSI. 

Therefore we expect more gains for the stock, provided the resistance of 46.87 was breached, targeting the next pivotal one at 48.62. 

Expected trend for today: Bullish