citigroup completed wyckoff accumulation - ready for take off
citigroup is showing all major signs of having completed wyckoff accumulation near bottom since 2009. it has been in congestion for more than a decade now and has failed to make a new low over more than a decade. currently it is reversing strongly from the bottom of the trading range. next ten years could see it reach 500 again (10x potential)
Institutional investors purchased a net $4.2 million shares of C during the quarter ended June 2019 and now own 74.68% of the total shares outstanding. This majority interest is a greater percentage than is typical for companies in the Financial Conglomerates industry and highlights that the smart money sees this stock as an important holding.