Citigroup may rise to 66.40 - 68.00

58.9 is our pivot point.

Our preference

The upside prevails as long as 58.9 is support.

Alternative scenario

The downside breakout of 58.9 would call for 56.2 and 54.7.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 60.364 and 60.6976).

Supports and resistances

69.6 **

68 *

66.4 **

64.9

61.31 (USD-last)

59.9

58.9 **

56.2 *

54.7 **

Number of asterisks represents the strength of support and resistance levels.