City Group starts recovering - Analysis - 01-07-2020

City Group's stock rose 1.61% in the last session after the pivotal support of 50.68 held its ground, with pressure from the 50-day SMA, while trading alongside the upward short-term trend line. 

Therefore we expect more gains for the stock, targeting the pivotal resistance of 60.66, provided the support of 50.68 holds its ground. 

Expected trend for today: Bullish