Citigroup Breakout: Eyeing the Cup & Handle Target!

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.