City Group's stock rose 0.45% in the last session, or 0.28 points, while settling above the support of 61.86, representing the ratio 50% of Fibonacci retracement levels for a descending wave in the short term (from 75.23 to 48.49), with positive support from the 50-day SMA, countered with negative signals from the RSI in an attempt to vent off overbought saturation.
Therefore we expect more gains for the stock, as long as it settles above 61.86, targeting the next resistance at 65.01, which represents the ratio 61.8% of the same retracement levels.
Expected trend for today: Bullish