City Group climbs in positive zone - Analysis - 12-01-2021

2021-01-12 10:53:59 GMT (Economies.com)
 

City Group's stock (C) rose 1.64% in the last session as it holds above the support of 63.52, representing the ratio 61.8% of Fibonacci retracement levels for a descending wave in the medium term (from 83.07 to 31.98), with positive pressure from the 50-day SMA, coupled with positive signals from the RSI. 

 

Therefore we expect more gains for the stock, targeting the next resistance at 71.17, representing the ratio 76.45% of the same retracement levels. 

 

Expected trend for today: Bullish 

 
 
 
  Symbol Last Change Chg.%
1.1911
-0.0143
1.1851%
1.3838
-0.0097
0.6972%
Tadawul
9242.28
-68.88
0.74%
25.247
-1.621
6.035%
66.283
4.812
7.828%
69.56
2.85
4.27%
1700.790
-39.040
2.244%
 
 
News Today