Citigroup Inc Daily (28.5.2014)Tricky Break of downtrend channel

59 0 0
Citigroup             (C) price cosnolidates between $46.22 to $47.50. Yesterday it moved into the KUMO but it failed to break the top of it. Today it tries to insert in the KUMO again. Kijun Sen and Tenkan Sen is under the KUMO. These stuff is bearish as we see the movement of the stock into the desceding triangle with the very strong support line.

In all this picture we have some bullish signs like:
a) Tricky break over the asceding triangle as the price is near the end of it,
b) MACD is bullish and RSI too,
c) The price struggle to go higher but not lower.

I think that if the price today closes in the KUMO the thinks will be bullish again because of a reversal structure over the support line at $46.11.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out