City Group exhausts positive chances - Analysis - 21-03-2018

City Group's stock (C) rose in the intraday levels, scoring a profit of 0.30% in the last session, or 0.22 points, after leaning on the main upward short-term trend line, lending it positive momentum, after the RSI reached extremely oversold levels, countered with negative pressure from the 50-day SMA. 

Therefore we expect more gains for the stock, targeting the resistance of 80.70, as long as the support of 70.91 holds on.