City Group settles at positive zone - Analysis - 11-04-2019

City Group's stock was buoyed by the positive support of the 50-day SMA, with positive signals from the RSI after reaching overbought levels, while settling above 64.59, representing the ratio 50% of Fibonacci retracement levels for a descending wave in the short term (from 80.70 to 48.49). 

Therefore we reaffirm our positive outlook for the stock, targeting the resistance of 64.59, representing the ratio 50% of the same retracement levels, as long as it settles above 64.59. 

Expected trend for today: Bullish