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

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