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)
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money.cnn.com/quote/shareholders/shareholders.html?symb=C&subView=institutional 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.
@ezizeliyev, Hi. as a trader i tend to look at all scenarios. this analysis is from an institutional perspective. all trading ranges are flags in a way and trading ranges can break up or down 50-50. but this trading range is at market bottom. so the odds of it breaking to upside are very high. even if it makes a spring phenomenon where it makes a transient break to the downside, institutions will purchase it heavily. so from a long term perspective, it is a good buy at all levels in the range, unless citigroup is going to die, which is very very unlikely. again, to reiterate, this trade needs to be held for a decade, which is what institutions do. although I have a feeling that targets will be reached in under 5 years