Citigroup (C) has smashed through key resistance, lining up a bold Cup & Handle breakout.
Cup & Handle Target: The breakout pattern hints at a target near $97, offering a potential 43% upside. This move has momentum, with a clear path to reach its mark.
Ascending Trendline, Gap & Fibo Support: Riding an ascending trendline, C is backed by Fibonacci levels, with the 38.2% and 50% retracements aligning as support near $56 and $53, respectively. A recent gap around $70 adds intrigue, potentially acting as a magnet for a retest or signaling strong buying interest.
Volume & CCI: Volume’s got the breakout’s back, and the CCI is holding steady in bullish territory without looking overheated, showing room for this rally to keep climbing.
Bottom Line: With a Cup & Handle setup, Fibonacci support, and a strategically placed gap, Citigroup looks poised for an exciting journey upward. This chart’s got style, momentum, and plenty of upside potential.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.