Citigroup, Inc. (C) extended its gains in recent intraday trading, successfully breaking above the $139.50 resistance level, which was our latest upside target in previous analyses. The stock continues to benefit from dynamic support provided by trading above its 50-day Simple Moving Average (SMA), reinforcing the stability and dominance of the primary medium-term bullish trend. Price action also remains aligned with a short-term ascending trendline that continues to support the upward trajectory.
Accordingly, our outlook remains bullish for the stock's upcoming trading sessions, particularly as long as it maintains stability above the $139.50 level. Under this scenario, the next upside target stands at the $150.00 resistance level.
Today's price forecast: Bullish.
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