City Group in a free fall - Analysis - 27-02-2020

Economies.com
2020-02-27 11:44AM UTC

City Group's stock tumbled 1.8% in the last session, piercing the main upward long-term trend line amid negative pressure from the 50-day SMA, with negative signals from the RSI despite reaching oversold levels. 

 

Therefore we expect more losses for the stock, targeting the support of 64.77. 

 

Expected trend for today: Bearish 

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