Coca-Cola strives to recoup some losses - Analysis - 15-10-2018

Coca-Cola's stock rose in the intraday levels, as the stock tries to recoup some past losses, while scoring a profit of 0.09%, or 0.04 points, as the stock also got hurt by piercing the upward short-term trend line, with negative signals from the RSI, coupled with negative pressure from the 50-day SMA. 

Therefore we expect the stock to return lower, especially if the support of 44.39 was breached, targeting the next one at 42.99. 

Expected trend for today: Likely Bearish