City Group breaches upside trend line - Analysis - 28-01-2020

Economies.com
2020-01-28 11:38AM UTC

City Group's stock fell 2.82% in the last session while piercing the main upward short-term trend line, while trespassing the support of the 50-day SMA, exposing it to negative pressure, with positive signals from the RSI. 

 

Therefore we expect more losses for the stock, targeting the pivotal support of 73.05. 

 

Expected trend for today: Bearish 

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