City Group exposed to a free fall - Analysis - 10-06-2022

2022-06-10 11:49:00 GMT (Economies.com)
 

Citigroup's stock (C) skidded and pierced through the support of the 50-day SMA, doubling negative pressures, amid the dominance of the downward correctional short-term trend, with negative signals from the RSI, marking a loss of 2.8%, or 1.44 points, settling at 49.97, with trading volumes surpassing 14.2 million shares, below 10-day averages of 18.3 million shares. 

 

Therefore we expect more losses for the stock, targeting the support of 45.40, provided the resistance of 54.00 holds on.

 

Trade US Stocks with 1:50 leverage

Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0510
-0.0080
0.7509%
1.2211
-0.0094
0.7637%
22.406
-0.750
3.241%
75.795
-5.680
6.971%
81.47
-1.01
1.22%
1778.595
-16.965
0.945%
 
 
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