Citigroup may rise to 71.20 - 72.90

Our pivot point is at 62.6.

Our preference

As long as 62.6 is support look for 71.2.

Alternative scenario

The downside breakout of 62.6 would call for 59.8 and 58.1.

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 under its 20 day moving average (65.223) but above its 50 day moving average (63.176).

Supports and resistances

74.6 **

72.9 *

71.2 **

69.5

64.88 (USD-last)

63.7

62.6 **

59.8 *

58.1 **

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