Coca-Cola driven lower by pivotal resistance - Analysis - 20-08-2019

Coca-Cola's stock fell in the intraday levels after the pivotal resistance of 54.70 held on, while gathering momentum to help it rise anew and venting off overbought saturation in the RSI, amid the dominance of the main upward trend in the medium and short terms, with positive support from the 50-day SMA. 

Therefore we expect the stock to return higher, especially if the resistance of 54.70 was breached, targeting the next one at 55.72. 

Expected trend for today: Bullish