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Lanmar
Dec 15, 2014 1:45 AM

Magnifying previous analysis on Citigroup  Long

Citigroup, Inc.NYSE

Description

Low risk trade/investment in Citi.

Comment

Trade reflection 11 months later. POOR STOP PLACEMENT. Didn't consider major interior support at 45 - 47. No particular pattern. The weekly close on 1/05 was extremely negative to go long. Weekly close on 2/09 at $51 was a new signal to go long (I did not). In general this was a choppy trade as I still believe $50 at the time was a decent entry px.
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