City Group settles near year peak - Analysis - 17-12-2019

Cisco Systems' stock marked a high at 46.58 before falling off the resistance of the 50-day SMA while testing the downward medium-term trend line, as the RSI reached overbought levels.

Bank of America's stock rose anew to a session-high at 35.09 before bouncing off it lower on profit-taking, amid the dominance of the main upward trend, with support from the 50-day SMA and the RSI.

Alibaba's stock kept rising in the short term, breaching the 205.59 resistance amid the dominance of the main upward trend in the long and short terms, with support from the 50-day SMA while the RSI emitted negative signals.