Coca-Cola seeks a bottom to boost it - Analysis - 13-08-2018

Coca-Cola's stock declined 0.58% in the last session, or 0.27 points, while searching for a bottom to bounce it higher anew, with support from the positive Inverse Head and Shoulders pattern that formed in the short term, alongside similar support from the 50-day SMA, while the RSI reached extremely oversold levels compared to the stock's movements. 

Therefore we expect the stock to return higher, targeting the resistance of 47.48, as long as the support of 45.43 holds on.