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Currency Strenght

Wednesday 16 January 2013

Citi

3-Month Chart of C - Citigroup Inc.

We move up our pivot point to 38.6.

Our preference: As long as 38.6 is not broken down, We may get  an up move with 43 and then 44.7 as next targets.

Alternative scenario: below 38.6, the risk is a drop towards 34 and 31.1.

Comment: The 20-day and 50-day moving averages are rising and are supporting the stock in a bullish trend. 

Trend: ST rise; MT bullish.

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