Citigroup ST: the upside prevails as long as 62 is

Citigroup ST: the upside prevails as long as 62 is support

Trading Central 2021-02-24 03:32:05

62 is our pivot point.

Our preference: the upside prevails as long as 62 is support.

Alternative scenario: below 62, expect 58.4 and 56.3.

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 62.4109 and 61.9588).

Supports and resistances:

77.4 **

75.2 *

73 **

70.8

66.125 (USD-last)

63.4

62 **

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