Coca-Cola returns lower - Analysis - 18-10-2021

Coca-Cola's stock (KO) returned lower with a 0.24% loss in the last session, amid the dominance of the downward correctional short-term wave, settling at 54.48, with negative signals from the RSI after reaching overbought levels.

Therefore we expect more losses for the stock, targeting the support at 53.70, provided the resistance of 55.50 holds on.

Expected trend for today: Bearish