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

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