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

Technical Analysis on Citigroup(6 March 2010)

Citigroup ST: the upside prevails
Our pivot point stands at 3.1.

Our preference: As long as 3.1 is not broken down, we favour an upmove with 3.8 and then 4.35 as next targets.

Alternative scenario: Only the downside breakout of 3.1 will invalidate our bullish scenario. In this case, a decline should shape towards 2.53 at first, and then 2.06.

Comment: The daily indicators are turning up and are calling for a re-test of the 4.35 area.

Trend: ST limited rise; MT bullish.

Supports and resistances:
5.4 **
4.35 **
3.8 ***
3.45 last
3.1 ***
2.53 *
2.06 *