Coca-Cola turns early gains into losses - Analysis - 22-09-2021

2021-09-22 10:48:52 GMT (Economies.com)
 

Coca-Cola's stock (KO) rose 0.02% in the last session after bouncing off a session-high at 54.80, amid the dominance of the downward correctional short-term wave, with negative signals from the RSI despite reaching oversold levels, with negative pressure from the 50-day SMA.

 

Therefore we expect more losses, targeting the support of 52.00, provided it holds below 54.60.

 

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1606
0.0036
0.3139%
1.3751
0.0123
0.9053%
Tadawul
11773.36
25.09
0.21%
23.335
0.700
3.090%
82.022
0.902
1.112%
84.86
0.86
1.02%
1767.855
13.150
0.749%
 
 
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