Coca-Cola seeks a bottom to bolster it - Analysis - 27-02-2020

Coca-Cola's stock declined 0.38% in the last session while trying to correct the main upward long-term trend, while seeking a bottom to bolster the stock higher, with positive support from the 50-day SMA, as the RSI reached oversold levels compared to the stock's movements. 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 60.00. 

Expected trend for today: Bullish