Citigroup Inc

Following a decisive momentum breakout above the $135 resistance cluster, C exhibits a bullish medium- and long-term structure, supported by a clean 9/20 EMA cross and volume confirmation. However, price is extended above the short-term EMAs with RSI approaching overbought territory, making immediate entry unfavorable. We will look to engage on pullbacks into the rising 9/20 EMA support zone or on clear acceptance above the recent breakout level. A break below the 9/20 EMAs would invalidate the current medium-term bullish stance.

• ↑Q2 revenue $24.77B (+4.7%) and EPS $3.15 (+15.4%) beat consensus.
• ↑Acquisition of Kard Financial deepens commerce media capabilities.
• ↓Guidance for higher investment spending could constrain margins.