adatherton
Long

C Golden Cross and similar price action to 2016/7

NYSE:C   CITIGROUP INC
Citi (C) has just made a Golden Cross (50d SMA crossing 200d SMA ). The crosses in Sep 12 and Sep 16 were followed by 75%+ increases in price, so this is primarily a Golden Cross trade. The price/action into the Sep 16 GC is very similar to that from Jan 18.

Also the bullish consolidation into earnings , followed by the pullback on account of the macro market and going ex-div May 3, means we can hope for a retouch of the 200SMA and enter at 65.70. The stop is placed at 60, the consolidation low, and a modest 36% target of 90 gives us 4.26:1 trade.
David Atherton
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