City Group ends cautiously higher - Analysis - 17-10-2018

City Group's stock marked a 0.72% in the last session, or 0.50 points, while hurt by exiting an ascending price channel in the short term, retesting thereafter the resistance of 70.02, as the stock tried to vent off oversold saturation in the RSI, amid negative pressure from the 50-day SMA. 

Therefore we expect the stock to return lower, targeting the support of 66.55, as long as the resistance of 70.02 holds on. 

Expected trend for today: Likely Bearish