After forming a bearish doji star candlestick formation on 2^nd June, City Dev had a whopping decline of 26% to register a low of $7.71 on 8^th July, one of the worst performers compared to the general market. The uptrend from the March low has been damaged as the 20-day moving average has started to turn down and City Dev has been trading below it since 16^th June. Another bearish omen to note is a potential death cross occurring as the 20-day moving average is attempting to cross under the longer term 50-day moving average. In addition the ADX –DI crossed above +DI and the MACD made a bearish centerline crossover implying that momentum has changed from positive to negative. Thus, another potential decline may still be on the cards for City Dev. Immediate support may be at $7.41 followed by its stronger key support at $6.50 which corresponds closely to the 200-day moving average and the 61.8% Fibonacci retracement from the March low to the recent June high. Only a break above the 20-day moving average and classical resistance at $9.00 may see a re-test of $10.44, the recent June high.