Citigroup (C) is testing the bottom of a parallel trendline and looks like its ready for a nice 10% rally within the next quarter.
RSI is oversold,
Stochastic is oversold but leaning upward again
MFI is at support
Momentum is turning to begin increasing again.
All of these indicators, along with recent price action lead me to believe that Citigroup's stock will experience a strong uptrend from current levels at roughly $49
Prediction:
Profit Target: $53
Stop Loss: $47.5
RSI is oversold,
Stochastic is oversold but leaning upward again
MFI is at support
Momentum is turning to begin increasing again.
All of these indicators, along with recent price action lead me to believe that Citigroup's stock will experience a strong uptrend from current levels at roughly $49
Prediction:
Profit Target: $53
Stop Loss: $47.5