City Group tries to vent off overbought saturation - Analysis - 29-05-2020

City Group's stock fell 5.93% in the last session amid the dominance of the upward short-term wave, with support from the 50-day SMA, as traders collect profits while the stock vents off overbought saturation in the RSI. 

Therefore we expect the stock to return higher, targeting the resistance of 55.61, provided the support of 46.32 holds on. 

Expected trend for today: Bullish