Citigroup may fall to 53.90 - 55.10

61.4 is our pivot point.

Our preference

The downside prevails as long as 61.4 is resistance.

Alternative scenario

Above 61.4, look for 63.5 and 64.7.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 61.9835 and 61.6952).

Supports and resistances

64.7 **

63.5 *

61.4 **

60.6

59.33 (USD-last)

56.3

55.1 **

53.9 *

52.7 **

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