City Group extends gains - Analysis - 24-01-2023

City Group's stock (C) rose in the intraday levels, amid the dominance of the upward correctional wave in the short term, with positive support from the 50-day SMA, coupled with positive signals from the RSI after venting off overbought saturation. 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 54.40, provided the support of 47.85 holds on.

Expected trend for today: Bullish