Citigroup may fall to 56.40 - 57.70

Our pivot point is at 63.9.

Our preference

Target 57.7.

Alternative scenario

Above 63.9, look for 66 and 67.3.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is below its 20 day moving average (63.1005) but above its 50 day moving average (61.5932).

Supports and resistances

67.3 **

66 *

63.9 **

63

61.93 (USD-last)

58.9

57.7 **

56.4 *

55.2 **

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