City Group rises for fourth straight session - Analysis - 28-12-2021

Economies.com
2021-12-28 11:46AM UTC

City Group's stock (C) rose 0.73% in the last session amid positive signals from the RSI, settling at 60.65, amid the dominance of the downward correctional trend in the short term, with negative pressure from the 50-day SMA.

 

Therefore we expect the stock to return lower, targeting the pivotal support of 57.40, provided the resistance of 63.90 holds on.

 

Expected trend for today: Bearish 

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