Coca-Cola tries to regain footing - Analysis - 23-11-2021

Coca-Cola's stock (KO) rose 0.62% in the last session after leaning on the support of the 50-day SMA, lending it positive momentum amid the dominance of the main upward trend in the medium term, with positive signals from the RSI, after reaching oversold levels. 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 57.52, provided the support of 54.84 holds on.

Expected trend for today: Bullish