$C - Looking for direction

Citi looks interesting - there is horizontal support around 40.60 and price is also testing upper range of downward channel. Should we get a break to the upside, initial TP would be 48.50 - 48.90 - next level of initial resistance. Stop loss on a long from here would be a close below 38.70. As always, wait for confirmation of breakout before entering any long position.