Coca-Cola rebuffed by important resistance - Analysis - 23-04-2021

Coca-Cola's stock (KO) fell 0.31% in the last session after the resistance of 54.57 held on, with the stock gathering momentum and venting off overbought saturation in the RSI, while trading alongside the upward medium-term trend line, with positive pressure from the 50-day SMA.

Therefore we expect the stock to return higher and target the resistance of 58.00, provided the resistance of 54.57 was breached.

Expected trend for today: Bullish