Coca-Cola relinquishes gains - Analysis - 29-07-2020

2020-07-29 13:02:48 GMT (Economies.com)
 

Coca-Cola's stock fell 0.62% in the last session while gathering momentum and venting off overbought saturation from the RSI, while buoyed by piercing the main downward trend line, with support from the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the resistance of 53.78, provided the resistance of 49.72 was breached. 

 

Expected trends for today: Bullish 

 
 
 
  Symbol Last Change Chg.%
1.1785
0.0075
0.6435%
1.3052
0.0037
0.2828%
Tadawul
7499.97
10.08
0.13%
28.209
3.962
16.340%
41.550
1.115
2.757%
44.64
-0.45
1.00%
2032.160
62.805
3.189%
 
 
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