City Group tries to vent off oversold saturation - Analysis - 13-12-2022

City Group's stock (C) rose in the intraday levels while venting off oversold saturation in the RSI, while touching the resistance of the 50-day SMA, amid the dominance of the main downward trend in the medium and short terms. 

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