City Group leans on upside trend line - Analysis - 11-06-2021

2021-06-11 10:44:49 GMT (Economies.com)
 

City Group's stock (C) fell 1.6% in the last session amid attempts to seek a bottom to bolster it higher, while leaning on the main upward trend in the medium term, with positive pressure from the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the resistance of 80.50, provided the support of 75.45 holds on.

 

Expected trend for today: Bullish 

 
 
 
  Symbol Last Change Chg.%
1.1929
0.0027
0.2243%
1.3917
0.0023
0.1663%
Tadawul
10919.68
6.62
0.06%
25.952
-0.036
0.140%
73.301
1.475
2.054%
75.56
0.32
0.43%
1775.320
-3.070
0.173%
 
 
News Today