Coca-Cola returns higher - Analysis - 25-11-2020

Coca-Cola's stock (KO) returned higher in the intraday levels after the support of 52.09 held on, lending it positive momentum amid the dominance of the upward correctional trend in the medium term, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI. 

Therefore we expect more gains for the stock, targeting the resistance of 55.48, provided the support of 52.09 holds on. 

Expected trend for today: Bullish