City Group tries to garner momentum - Analysis - 10-08-2018

2018-08-10 13:32:43 GMT (Economies.com)
City Group tries to garner momentum - Analysis - 10-08-2018
 

City Group's stock fell in a quick attempt to garner positive momentum that might help it rise anew, while venting off overbought saturation in the RSI, marking a loss of 1.25% in the last session, or 0.91 points, while getting buoyed by a positive pattern that formed in the short term, the Falling Wedge pattern, with positive pressure from the 50-day SMA. 

 

Therefore we expect the stock to return higher, especially if the resistance of 73.30 was breached, targeting the next one at 75.94. 

 
 
 
  Symbol Last Change Chg.%
1.1514
-0.0031
0.2698%
1.3066
-0.0021
0.1643%
14.633
0.036
0.247%
69.281
-2.203
3.081%
79.29
-0.70
0.88%
1226.705
9.045
0.743%
 
 
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