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City Group's stock (C) kept falling in the intraday levels, recording a new loss of 1.26% in the last session, or 0.87 points, and nearing the support of 67.97, which represents the ratio 50% of Fibonacci retracement levels for an ascending wave in the short term (from 55.23 to 80.70), amid negative signals from the RSI, and with negative pressure from the 50-day SMA.
Therefore we expect more losses for the stock, especially if the support of 67.97 was breached, targeting the next support at 64.96, which represents the ratio 61.8% of the same retracement levels.