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Dec 31, 2020 11:51 AM

Citigroup : quick look Long

Citigroup, Inc.NYSE

Description

There were times when #C were the largest US bank and their share price was 10 times higher.
More than 12 years have passed since then and #C market cap now is just half of Bank of America's #BAC one and 3 times less than of JP Morgan #JPM.

2020 pandemic wasn't a financial industry crisis. Quite the contrary Banks are benefiting from the huge injection of liquidity, increase of the number of retail investors and IPO-mania.
Their own analysts predict a bright future for the long time undervalued financial sector in the months to come.

Sourcing inspiration from the #C share price dynamics in 2016-2018 we could mark some support-resistance levels for #C up until end of 2023: 63,50 - 53,50 - 83 - 72 - 100 - 90 - 120
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