City Group gives in to negative pressure - Analysis - 03-11-2022

City Group's stock (C) fell in the intraday levels after touching the resistance of the 50-day SMA, amid the dominance of the main downward trend in the short term, with negative signals from the RSI after reaching overbought levels. 

Therefore we expect more losses for the stock, targeting the support of 40.00, provided the resistance of 45.40 holds on.

Expected trend for today: Bearish