Citigroup collects profits - Analysis - 01-02-2024

Citigroup’s stock (C) fell in the intraday levels amid the dominance of the main upward trend in the short term, with positive pressure from the 50-day SMA, as the stock tries to gather momentum to vent off overbought saturation in the RSI as negative signals come out of them.

Therefore we expect the stock to return higher, targeting the resistance of 61.00, provided it settles above 54.75. 

Expected trend for today: Likely Bullish