Citi has been consolidating for about a year now. EMA's aren't extremely bullish but they're headed higher. Oscillators (Stochastics, RSI and MACD) look good for a bearish move. Just broke through the BB today with the relatively large shaved top candle. ADX is resting at 20, so it has plenty of room to get into the swing of things if C decides to make a run at...
Friends,
We currently have a bullish shark pattern forming on the daily chart on Citigroup. The pattern will complete at 48.20's level, and expires at 47's level, the entry level for the shark pattern is confluent with structural support, increasing the integrity of this pattern.
Citigroup is also currently in a area of historic support/resistance. This is an...
1)Primary trend is uptrend.(Black trend line)
2)Blue trend line is also uptrend.
3)MAs 7,17,30 has not smashed yet from the candles and the movement is going up.
From 1 , 2, 3 we can predict that the price of stock is generally in an uptrend movement.
If the price go below red , green and blue MA we start to sell a small amount of our position.
If the price...
$CITIGROUP looking for small dip... then move to 58-60. Financials are still on slow grind as they try to fight the downward momo from 2008 capitulation. They are not fast movers like tech's but when they move, the entire market responds...
First of all... C was trading at values near 600 back in 2008.
Obviously it has been beatin and battered but it finally appears to have stabilized and recently broke out of its prior trading zone with short-term support at 51.12. Long-term support is at 45.06 but right now would be a good time to open a partial position because that 51.12 level held. I have a...
Distribution in process... target to 50-50.40ish... Should be nice 2-2.50 short over a week or so while they accumulate on way down... Bigger TF, this is very bullish as SPY, QQQ, and other strong sectors/indices...
Wells Fargo rallied back into a "key hidden level" resistance level and I found Citigroup as a hedge/pair to put on the position.
Tim 2:09PM EST 8/28/2014
Potential Descending triangle forming on CITIGROUP in line with recent resistance level. Entry on break of triangle AND nearby resistance for the move. Entry point showing.
Good luck traders.
City Bank is in a tight
Consolidation and in the saddle point
on the weekly Chart. I have marked the fractals
for my entry points depending on
which way it goes. I am using
NOV options with a 75 delta. This is to lessen time
decay. For each dollar C moves I will make or loose
75 bucks aprox. C has been trading in about a 4 dollar
range on the weekly.
This...
The Citigroup Inc (NYSE:C) Daily Diagram Technical Analysis Training shows the following:
The C share has made long term consolidations between $46 and $49.5. The weekly diagram shows bullish trend and the monthly is neutral.
So the first think in mind is the case of daily local top at 49.50 again. So we will see if it is a strong long term resistance. MACD...
since 08 01 07, Citigroup's price, revenues, and earnings are down 90.5%, 16.49%, and 38.89%, respectively.
the monthly Williams % R just fell below -80 however $C's earnings "beat" might provide a near term catalyst for a move to the upside.
that said, the long term chart still looks horrible.
Is this divergence done ? we can't be sure but the price hit a long term support area and broke the short term trend line. I would suggest waiting for the price to break the short term trendline and the short term (orange) resistance zone and then start buying. Seeing the accumulation of the stock spiking and the break of the trendline occuring would be a good...
