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

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