It’s been a while since we’ve looked in on this erstwhile basket case, but I must admit to being ever so slightly impressed — not only with the fact that its ABCD rally from the November abyss has exceeded an 8.97 target by three cents, but because it created a fresh impulse leg on the hourly chart in the process. Even so. it’s still all uphill from here, and no matter how bailed out Citi becomes, the burden of proof will continue to rest with the bulls. The stock is capable of 11.77 if the short-squeeze conditions can be made to persist, but we’ll want to see a two-day close above that Hidden Pivot’s midpoint, 9.06, before we infer that the hoax of Citi’s resurrection is sustainable.