City Group's stock (C) fell in the intraday levels, registering a new loss of 0.03%, or 0.02 points, while getting hurt by piercing the main upward trend line recently in the short term, with negative pressure from the 50-day SMA.
Therefore we expect more losses for the stock, targeting the support of 65.69, as long as the resistance of 70.91 holds on.
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General Motors' stock (GM) rose in the intraday levels, scoring a profit of 1.72% in the last session, or 0.60 points, amid negative pressure from the 50-day SMA, while settling below the resistance of 35.69, representing the ratio 50% of Fibonacci retracement levels for an ascending wave in the medium term (from 24.62 to 46.76), as the stock tries to recoup some past losses.
MoreLitecoin price succeeded to reach to our main waited target at 120.00, showing more of the negative signals that supports the chances for the continuation of the bearish bias, opening the way for targeting the recorded top at 89.02.
MoreRipple price settles below 0.56 level, reinforcing the expectations for achieving more of the downside moves on the intraday and short term basis, opening the way towards visiting 0.41 level that represents our next main station, taking into consideration that breaching 0.58 might push the price to achieve some intraday gains before resuming the overall bearish trend.
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