C Waiting to break out of inv h&s (daily) Long

Citigroup, Inc.NYSE

Description

⋅ May 2, 2015 12:53 PM

If C manages to break out of the inverted head and shoulders, i see the following possible long targets:

T1 May-Jul: 60

T2 May-Dec: 80

A close on or above 54.80 is a confirmation of a break out. Price below 53.31 would require reevaluating the situation.

C citigroup

Comments

UnknownUnicorn121770

⋅ May 5, 2015 7:36 AM

Massive bullish bet on C: JUN15 C 57.50 and 60.00 each sold 50k+ times! 50k each of these amount to a 2.2million bullish bet!