Citibank Head & Shoulders Short

Citigroup, Inc.NYSE

Description

⋅ Oct 3, 2021 9:56 AM

Tilted body looks to be indicating a move further to the downside. We are going to possibly see a retracement back down to the $66 / $64 area.

NYSE:C

Trend Analysis citibank

Comments

MizzouChemRxn

⋅ Oct 3, 2021 2:33 PM

You don’t see a rejection of the head and shoulder neckline? I see the financials moving higher over the next 1-2 years due to rate hikes and strong economic conditions, not lower.

JBNYCTRADE

⋅ Oct 3, 2021 9:47 PM

@MizzouChemRxn, In the short term I see an opportunity to scalp based on the recent weeks observed price action in realtime :)

sycaway87

⋅ Nov 5, 2021 8:58 PM

@jbnyc, Right on. This stock has been in a mad long short squeeze.