Coca-Cola shakes off negative pressure - Analysis - 21-05-2020

2020-05-21 10:18:13 GMT (Economies.com)
 

Coca-Cola's stock rose 3.03% in the last session, shaking off negative pressure from the 50-day SMA with positive signals from the RSI, amid the dominance of the upward correctional wave in the short term. 

 

Therefore we expect more gains for the stock, targeting the first resistance at 47.78, as long as the support of 43.12 holds on. 

 

Expected trend for today: Bullish  

 
 
 
  Symbol Last Change Chg.%
1.2116
0.0119
0.9890%
1.3372
0.0002
0.0183%
Tadawul
8694.13
-17.99
0.21%
24.115
1.869
8.399%
44.950
-0.380
0.838%
47.88
0.46
0.97%
1831.050
54.870
3.089%
 
 
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