City Group amid negative outlook - Analysis - 25-01-2022

City Group's stock (C) fell 0.90% in the last session amid the dominance of the downward correctional trend in the medium term, with negative pressure from the 50-day SMA, settling thereafter at 62.70, amid positive signals from the RSI after reaching oversold levels.

Therefore we expect more losses for the stock, targeting the pivotal support of 57.56, provided the resistance of 64.40 holds on.

Expected trend for today: Bearish