Cisco attacks current resistance - Analysis - 19-01-2018

General Electric's stock (GE) kept falling in the intraday levels, registering a hefty loss of 3.34% in the last session, or 0.58 points, breaching thereafter the important support of 17.46, amid negative pressure from the 50-day SMA, with the dominance of the main downward trend in the short term, coupled with negative signals from the RSI.

General Motors' stock (GM) fell in the intraday levels, recording a loss of 0.39% in the last session, or 0.17 points, as the stock seeks a bottom to bounce it higher anew, amid positive pressure from the 50-day SMA, with the dominance of the main upward trend in the medium and short terms.

City Group's stock (C) fell in the intraday levels, recording a small loss of 0.10% in the last session, or 0.08 points, after the resistance of 77.92 held on, in an attempt to gather momentum to help it rise anew, amid positive pressure from the 50-day SMA, with the dominance of the main upward short-term trend.