Technical Analysis on CITIGROUP(11 March 2010): the upside prevails

We move up our pivot point to 3.4.

Our preference: As long as 3.4 is not broken down, we favour an upmove with 4.35 and then 5 as next targets.
Alternative scenario: A break below 3.4 would open the way to 3.12 and to 2.53.
Comment: The daily technical indicators are bullish and call for a rise towards 5 in the medium term.
Trend: ST limited rise; MT bullish.
Supports and resistances:
5.4 **
5 **
4.35 ***
3.96 last
3.4 ***
3.12 *
2.53 *

12 March 2010
Bollinger : UP
Volume  : UP