City Group emits some positive signals - Analysis - 25-01-2021

City Group's stock fell 0.87% in the last session amid attempts to gather momentum to help it rise anew, amid the dominance of the main upward correctional trend in the medium term, with positive pressure from the 50-day SMA, as a positive divergence forms in the RSI after reaching oversold levels. 

Therefore we expect the stock to return higher, provided it holds above 63.53, which represents the ratio 61.8% of Fibonacci retracement levels for a descending wave in the medium term, targeting the next resistance at 71.17. 

Expected trend for today: Bullish