Coca-Cola tries to gathers positive momentum - Analysis - 19-03-2021

Coca-Cola's stock (KO) fell 1.31% in the last session while gathering positive momentum to help it rise anew, with positive signals from the RSI, amid the dominance of the upward correctional trend in the medium term, with positive pressure from the 50-day SMA.

Therefore we expect the stock to return higher, targeting the first resistance of 52.00, provided the support of 49.70 holds on.

Expected trend for today: Bullish