City Group ends higher - Analysis - 24-03-2017

City Group's stock (C) rose in the intraday levels, scoring a profit of 0.48% in the last session, or 0.28 points, and retesting the main upward trend line that breached previously in the short term as shown in the attached chart, with ongoing negative pressure from the SMA for the last 50 days period. 

Therefore we expect the stock to return lower in the coming trading, targeting the support of 55.42.