CITIGROUP INC
Potential Profit: ~5% based on Resistance level of $46.52
Potential Profit 2: ~15.77% based on resistance of $51.18
Support Level: $42.62
To enter the 5% profit area:
RSI: Oversold in the 1 Month
MACD: It is currently towards up in the 1 Month
I would say this is a good entry point(currently $44.07) if you are looking to get a high percentage 5% profit.
To enter potential profit 2 I would take profits at close to resistance of $46.52.
Watch if it breaks above $46.52 and then confirm if $46.52 validates as the new support level and then decide if you would like to participate in the 16% upside, just note that this is a bank and is affected heavily by fundamentals and overall economy, so the 16% upside has a lower chance of reoccurring but it is
not impossible to happen since it happened around April 29.
Potential Profit: ~5% based on Resistance level of $46.52
Potential Profit 2: ~15.77% based on resistance of $51.18
Support Level: $42.62
To enter the 5% profit area:
RSI: Oversold in the 1 Month
MACD: It is currently towards up in the 1 Month
I would say this is a good entry point(currently $44.07) if you are looking to get a high percentage 5% profit.
To enter potential profit 2 I would take profits at close to resistance of $46.52.
Watch if it breaks above $46.52 and then confirm if $46.52 validates as the new support level and then decide if you would like to participate in the 16% upside, just note that this is a bank and is affected heavily by fundamentals and overall economy, so the 16% upside has a lower chance of reoccurring but it is
not impossible to happen since it happened around April 29.