Coca-Cola climbs cautiously - Analysis - 13-01-2022

Coca-Cola's stock (KO) rose 0.15% in the last session, settling at 60.54 while trying to pierce the current resistance of 60.70, amid support from the 50-day SMA, and with the dominance of the main upward medium-term trend, countered by negative signals from the RSI after reaching overbought levels.

Therefore we expect the stock to rise and target the resistance of 62.75, provided the resistance of 60.70 was breached.

Expected trend for today: Bullish