Citigroup may rise to 69.20 - 70.80

Our pivot point stands at 60.9.

Our preference

The upside prevails as long as 60.9 is support.

Alternative scenario

The downside breakout of 60.9 would call for 58.2 and 56.6.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 61.3 and 60.5552).

Supports and resistances

72.5 **

70.8 *

69.2 **

67.5

64.12 (USD-last)

62

60.9 **

58.2 *

56.6 **

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