The Chart: Price has fully reversed from the bottom of the large range (rectangle) and has now broken out of the top end of the range. Despite todays rough down day I am comfortable with my position as long as price can hold above the 59 area. The Narrative: Banks are taking a bit hit on earnings but the quarterly results we not as bad as the price drop may...
There were times when #C were the largest US bank and their share price was 10 times higher. More than 12 years have passed since then and #C market cap now is just half of Bank of America's #BAC one and 3 times less than of JP Morgan #JPM. 2020 pandemic wasn't a financial industry crisis. Quite the contrary Banks are benefiting from the huge injection of...
CitiGroup Bear Flagging hard. Very high volume selling. I think there's more to this story than the public knows yet. All banks having a terrible day despite beating earnings expectations. I just don't trust the CLO exposure that these banks have. Citigroup may be in for a world of hurt soon if they overleveraged themselves. If Citi goes under we could see...
📈 NYSE:C LONG H4 🛒Buy above = 49.36 🎯Target1 = 50.52 🎯Target2 = 51.25 🎯Target3 = 52.41 🛑Stop loss = 47.47 ❌Cancel trade = 47.47
I think Citigroup will have a downtrend from here.
📈 NYSE:C LONG H4 🛒BUY above = 44.12 🎯Target1 = 46.41 🎯Target2 = 47.83 🛑Trailing Stop loss = 40.45 ❌Cancel trade and open reverse trade = 40.45 🙈Recommended risk = 1-2% 📉 NYSE:C SHORT H4 🛒SELL BELOW = 41.85 🎯Target1 = 40.45 🎯Target2 = 39.59 🎯Target3 = 38.20 🛑Trailing Stop loss = 44.12 ❌Cancel trade and open reverse trade = 44.12 🙈Recommended risk = 2-3% #C #Citigroup
$C go long today (short term trade opportunity!)
Despite recent fines and underperformance Citi maybe be forming a potential bottom. Bank shares seem to be on the rise so there can be sector tailwinds for the name. Director Jay Jacobs has made the largest public stock purchase in over 5 years. Although the narrative on financials seems to be more positive we will let the model signal when to buy.
Looking for short entries. Above 46 would be stop loss. Citigroup is a very weak stock compared to the market so it is a good short hedge against other long positions. Expecting it to re test recent lows.
📈C LONG H4 🛒BUY above = 46.10 🎯Target1 = 47.30 🎯Target2 = 48 🛑Stop loss or cancel trade = 44.10 🙈Recommended risk = (1%-2%)
Disclaimer
Trend broken . Send it to March lows .
NYSE:C Just an idea: Entry now $43.50 Take profit $47.20 and $49.50 Stop loss or hold long is up to you Disclaimer!
The undervalued gem .
BAC : Bank Of America , Too big to fail .