ARE BANKS STILL WHERE YOU SEND MONEY TO DIE ? CITY LIKE MANY ARE STRUGGLING TO GET NEAR THOSE HIGHS FROM 2018. MOST RECENTLY THOUGH THE XLF HAS SEEN A INFLUX OF FRESH CASH, MAYBE GIVING US POSITIVE SIGNALS PRE-EARNINGS. WE WAIT ON THE SIDELINES ON CITIGROUP UNTIL RESISTANCE IS BROKE $67 IS A GOOD ALERT FOR ENTRY IN A LONG.
Citigroup has a pre earnings run pattern which tends to be caused by Pro Traders setting up to take advantage of the earnings reaction. The company will report its 1st quarter earnings on Monday. C had a reactionary gap up at open caused by the JPM gap today. It formed an indecision day candle rapidly. The early gap could interfere with the technical patterns for...
With the stock market as bullish as it is “C” should have no problem breaking above resistance. Also, if you notice, 3 weeks ago price tapped resistance and fell hard but in 2 weeks it’s right back at resistance. That’s called manipulation and indicates bullish moves to come
Can we see a breakout in NYSE:C ?
I currently say this because ever since the 14th of January of 2019 it has been consolidating between the resistance line at the $65.23 and the support at $60.81.
For myself the RSI and MACD are the most important indicator to me. As you can see the MACD has crossed just before the 3rd...
C Citigroup - weekly zoom out
Range 55 - 69
resistance test at mean ~ 63
low volume and momentum indicating down trend
VOL ATR - SHORT
macro sentiment unclear
short term neutral, long term bearish idea
next resistance up ~ 69
support at 55 and then down 48
64.02 region must hold strong in order for us to see another bearish leg unfold to 56.35.
Once we reach this supportive area, I expect a bit of sideways movement before confirmation of the next trend (be it bearish or bullish)
Citigroup Inc. (Citi) is a financial services holding company. The Company's whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. The Company operates through two segments: Citicorp and Citi Holdings. Citicorp is the Company's global bank for consumers and businesses and represents its core franchises. Citicorp is focused on providing products and services to customers and leveraging the Company's global network, including various economies. As of December 31, 2016, Citicorp was present in 97 countries and jurisdictions, and offered services in over 160 countries and jurisdictions. Global Consumer Banking (GCB) provides traditional banking services to retail customers through retail banking, including Citi-branded cards and Citi retail services.
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