The stocks of Citigroup on the wave of good reporting bounced off the annual low. After strong growth of more than 12% for 4 days, a small correction occurred, but on Friday the rise proceeded.
The formed pattern “bullish engulfing” indicates potential further growth. The main target will be the important level 45.5, which acted as good support in the summer. At the same mark, there is an unclosed gap on September 22-23.
This content is for informational purposes only and is not intended to be investing advice.
