City Group powers up - Analysis - 20-09-2018

City Group's stock rallied in the intraday levels, while trading within an ascending price channel in the short term, with positive support from the 50-day SMA, coupled with positive signals from the RSI, in addition to a surge in trading volumes. 

Therefore we expect more gains for the stock, as long as it settles above 73.21, targeting the resistance of 77.92. 

Expected trend for today: Bullish