18.05.2016 - Quotations of Citigroup according to our forecast will increase to 47.00

Price of Citigroup after reaching the rising channel's lower border, resumed growth and in the near future may continue the upward movement to the level of 47.00 and the upper boundary of the channel, after which the growth can continue until the psychologically important level of 50.00. On the other hand, fixing below the local maximum around 43.00, and moving beyond the local rising channel, will cause the price decline to 40.00 and 36.00. Our medium-term outlook remains negative.

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