Citigroup, Inc. (C) stock resumed its rise in its latest intraday trading, after previously managing to unwind part of its clear overbought levels in the Stochastic indicators, giving it more room to achieve additional gains. The short-term main bullish trend remains in control, while positive pressure continues from trading above its previous 50-day SMA, which provides dynamic support that helps sustain the positive outlook.
Therefore, we expect the stock to rise in its upcoming trading, as long as the support level of 90.70 holds, to then target the resistance level of 102.70.
Todays price forecast: Bullish.