Citigroup may rise to 70.60 - 72.60

Our pivot point stands at 60.7.

Our preference

The upside prevails as long as 60.7 is support.

Alternative scenario

The downside breakout of 60.7 would call for 57.4 and 55.4.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 62.777 and 61.0038).

Supports and resistances

74.6 **

72.6 *

70.6 **

68.5

64.25 (USD-last)

62.1

60.7 **

57.4 *

55.4 **

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