Citigroup, Inc.Long
Citigroup
Updated
Citigroup witnessed a strong rebound recently after forming a major higher low at 58.56$, to violate the major peak 65$. then, Confirming this breakout by remaining trading above $65 in today's session will confirm the major uptrend., triggering further rises near 67.60 - 69.11 - 71 - 73 - 74.65.
The stop-loss lies below 63.75.
the indicators are heading toward the positive side, which confirms the mentioned positive scenario.
The information and publications are not intended to be or constitute any financial, investment, commercial, or other types of advice or recommendations provided.
The stop-loss lies below 63.75.
the indicators are heading toward the positive side, which confirms the mentioned positive scenario.
The information and publications are not intended to be or constitute any financial, investment, commercial, or other types of advice or recommendations provided.
Note
Citigroup reversed sharply lower after an initial morning pop. The bank reported higher-than-expected second-quarter adjusted earnings and sales. It also announced plans to buy back around $1 billion of common stock in the third quarter.Note
Citigroup has been violating the last peak 67, which is confirming the current uptrend. the rest of the mentioned targets are still valid with stop loss below 63.35
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