Kellogg tries to vent off oversold saturation - Analysis - 26-01-2023

Economies.com
2023-01-26 12:38PM UTC

Kellogg's stock (K) rose in the intraday levels while trying to recoup some recent losses while also venting off oversold saturation in the RSI with positive signals out of them, coupled with negative pressure from the 50-day SMA. 

 

Therefore we expect the stock to return lower, targeting the pivotal support of 66.40, provided the resistance of 69.57 holds on.

 

Expected trend for today: Bearish

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