As you could see, Citigroup stock has performed well over the past few months. In addition, over the long term, analysts expect the bank's stock to rise significantly as it implements its renewal strategy and fixes its regulatory problems.
Our Analysis:
As long as the price is above the 69.00 level, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 71.54
- Take Profit 1: 76.60
- Take Profit 2: 78.40
Alternative scenario:
If the level of 69.00 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 69.00
- Take Profit 1: 66.60
- Take Profit 2: 64.20
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