Stocks

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

2018-08-10 13:32:43 GMT (Economies.com)

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. 

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