Citigroup may rise to 69.60 - 71.70

Our pivot point stands at 58.8.

Our preference

As long as 58.8 is support look for 69.6.

Alternative scenario

The downside breakout of 58.8 would call for 55.6 and 53.6.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 62.932 and 61.4522).

Supports and resistances

73.6 **

71.7 *

69.6 **

67.6

63.56 (USD-last)

60

58.8 **

55.6 *

53.6 **

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