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brianweber

Long on a pull back to support

Long
Citigroup, Inc. (NYSE:C)  
brianweber  
NYSE:C   Citigroup, Inc.
Trend Analysis Chart Patterns brianweber bankstocks citigroup Technical Analysis
3
0
trendanalysis chartpattern brianweber bankstocks citigroup technicalanalysis
I'm looking to buy between $74-$75. The 50 day EMA on the daily time frame is about $76. We may bounce, but usually we go a little bit lower.

The 100 day SMA on the daily time frame and the 20 day EMA on the weekly time frame line up nicely around $74.

100 day SMA on Daily:

snapshot

Weekly chart:

snapshot

Worst case scenario, C pulls back to the 200 day SMA on daily (~$70), which would be an event better entry.

The trend is your friend ;-)
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