Citigroup’s stock looks like its poised for a breakout toward the upside if we see an earnings beat. We can see the price has been consolidating since April and is now at the top end of the channel on the chart, with resistance between $66.27-$68.57. Its shares are floating at around $65.92 a share in the pre-market at the moment with the price remaining around until after the earnings report is released. A break and close above $68.57 could lead to a rally towards the $73-$74 a share, where the next resistance level rests. This would see the stock back at levels not seen since October of 2021. The setup is certainly attractive from a technical perspective as the MACD is seen crossing above its signal line and the RSI is also within bullish territory. Additionally, the price is at the resistance level and sentiment is positive after Friday’s earnings from JPM and Wells Fargo. However, this does not guarantee that Citi’s earnings outcome will be similar, and trading on news tends to be higher risk. Any downfalls would have traders/investors look to support levels of $58.66 and even possibly $53.24. Only a dip below $53.24 may trigger more selling in the near term.