Coca-Cola tries to vent off oversold saturation - Analysis - 06-10-2021

Coca-Cola's stock (KO) rose 0.17% in the last session while trying to recover recent losses, while venting off oversold saturation in the RSI, with positive signals from the RSI, amid the dominance of the downward correctional short-term trend, with negative pressure from the 50-day SMA.

Therefore we expect the stock to return lower, targeting the support of 52.00, provided it holds below 53.70. 

Expected trend for today: Bearish