Citigroup Breaks Out of a Symmetrical Triangle

1. Technical Analysis
Citigroup entered a symmetrical triangle consolidation after a strong bullish rally.
This pattern often acts as a continuation structure, especially after a steep uptrend.

Key technical observations:
• A clean breakout above the triangle
• Strong bullish candle with momentum
• Price maintains support above the 50-day SMA
• Increasing volume confirming the breakout

This suggests the beginning of a new bullish cycle, unless price re-enters the triangle.

2. Bullish Scenario
If the breakout holds:

Upside Targets
• Target 1: 110
• Target 2: 114
• Target 3: 118
• Long-Term Target: 125

Bullish Catalysts
• Valid continuation breakout
• Strong trend structure (HH/HL)
• Sector-wide strength in financial stocks
• Earnings momentum and improving profitability

3. Bearish Scenario
If price falls back inside the triangle:

Supports
• Support 1: 102
• Support 2: 99.80
• Support 3: 96

Bearish Triggers
• Breakdown under 102
• Failed breakout
• Broad market risk-off conditions
• Rising credit defaults

4. Suggested Stop-Loss

Short-Term Traders
• SL: Below 102

Mid-Term Traders
• SL: Below 99.80

5. Fundamental Snapshot

Strengths:
• Cost reduction and margin improvement
• Earnings beats
• Strong credit card and commercial banking revenue

Risks:
• Rising consumer default risk
• Regulatory tightening
• U.S. recession risk

Final Summary
Citigroup has executed a strong bullish breakout from its triangle consolidation pattern.
As long as price stays above 102, the bullish trend remains intact with higher targets ahead.

Bias: Bullish
SL (ST): 102
SL (MT): 99.80