Citigroup: ⬆️ Buy
– Citigroup reversed from key support level 124.70
– Likely to rise to resistance level 130.00
Citigroup recently reversed up from the support zone between the key support level 124.70 (former resistance from February, which stopped wave A at the end of July), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from March.
The upward reversal from this support zone completed the short-term impulse wave iii of the C-wave of the intermediate ABC correction (4) from the middle of June.
Given the strength of the support level 124.70, Citigroup can be expected to rise further toward the next resistance level 130.00 – former support from September.