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%
|
|
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