Coca-Cola gathers positive momentum - Analysis - 17-06-2019

Coca-Cola's stock fell recently while gathering momentum to help it rise anew, with negative signals from the RSI despite reaching oversold levels, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA. 

Therefore we expect the stock to rise as long as the pivotal support of 50.80 holds on, targeting the resistance of 52.55. 

Expected trend for today: Bullish