City Group touches SMA resistance - Analysis - 04-01-2023
Economies.com
2023-01-04 12:55PM UTC
City Group's stock (C) gained ground in the intraday levels amid positive signals from the RSI, touching the resistance of the 50-day SMA, while testing the main downward trend line in the short term.
Therefore we expect the stock to return lower, targeting the first support at 43.44, provided the resistance of 47.00 holds on.
Expected trend for today: Bearish
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