City Group emits more positive signals - Analysis - 13-02-2019

City Group's stock rose anew in the last session while settling above the support of 60.79, representing the ratio 38.2% of Fibonacci retracement levels for a descending wave in the short term (from 80.70 to 48.49), while the RSI reached oversold levels compared to the stock's movements, with positive pressure from the 50-day SMA. 

Therefore we expect more gains for the stock, as long as the support of 60.79 holds on, targeting the resistance of 64.59, which represents the ratio 50% of the same retracement levels. 

Expected trend for today: Bullish