City Group declines anew - Analysis - 21-09-2022

City Group's stock (C) returned lower in the intraday levels, amid the dominance of the main downward trend in the medium and short terms, with negative signals from the RSI, coupled with negative pressure from the 50-day SMA. 

Therefore we expect more losses for the stock, targeting the pivotal support of 45.40, provided the resistance of 50.80 holds onn.

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Expected trend for today: Bearish