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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