If you've seen my prior analysis on C then you know I'm very bullish on this stock. Right now I believe it is the best time to buy due to mean reversion that just occurred. If you want to know my overall thoughts on this stock then view my profile. But summed up. The weekly and daily display a great squeeze to the up side.
Strong reversal today but that was the entire sector. 69 was pure profit taking at eod as 69.50 is the real next resistance. This ebbs between three main pivot points (67.80, 68.30, and 69.50). The 10yr is the wild card but the fact that this held 67 at 1.15 when this was previously at 64.5 around that level is telling. Most analysts agree the 10yr will rise till the end of the year. Additionally, strength after ex-div is a bullish sign
jakeforbes
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@jakeforbes And just like I said 69.50 was true resistance and now it broke. Shorts stops most likely a little passed 70. Despite this break, I don’t see this holding on Fridays close. Next week depends on a few factors and the infrastructure bill is a large piece