C - CitiGroup shares breached a long term trend line to the upside, only to be pushed back down. Stocks fell on Tuesday trades but found support at 63.00, a critical Fibonacci retracement price level and closed at 63.41. Its next challenge is to remain above 63.00 and have another go at 64.45. It has the potential to reach 66.65 targets in a short period if it...
Financials have taken a real battering in the past 2 weeks with the majors entering correction phase, NYSE:C is mow down 15% from its recent high. During today's trading session it has managed to hold critical support , if it breaks a further 20% drop sits below to the December 18 lows.
Longs are sitting in a very nervous position which will need a green day...
Aiming for a 10% gain on my entry at $65.15, stop loss at $61 and take profit at $72. Price should be rebounding off the bottom trend line after testing it and headed back to the top, the RSI hit at 30 at the time of testing showing it was also oversold, and volume is normal. Estimated trade length 20-40 days.
Aiming for a 10% gain on my entry at $65.15, stop loss at $61 and take profit at $72. Price should be rebounding off the bottom trend line after testing it and headed back to the top, the RSI was at 30 at the time of testing showing it was also oversold, and volume is normal. Estimated trade length 20-40 days
C has earnings tomorrow Monday the 15th. It looks more bullish than bearish. Its making higher highs and higher lows and its above all its major moving averages 20ema,50sma,100sma,200sma. Recently its been hitting the overhead resistance area around $72.00. If it breaks out of the 72 daily resistance then it has room to go up until around $73.30. On the bearish...
Next week starts the earnings season in the US (the second quarter of 2019). Leading US stock indices currently show historical highs, but analysts are quite skeptical about the upcoming financial results from leading companies.
According to a survey conducted by S&P Global Market Intelligence, it is expected that almost all 11 sectors of the S&P 500 index will...
08-JUL
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Rising section of high profit & low risk
S&D strength Trend: About to begin an adjustment trend as a upward trend gradually gives way to a slowdown in rises and falling fluctuations
Today's S&D strength Flow: Supply-Demand...
Citibank has been trading within a horizontal range and sideways channel between 65.50 and 69 for the past fourteen trading days. Because of this, we are shorting the iron condor by writing the 69 calls and 65.5 puts for the initial strangle, and going half a dollar out on each side to acquire the protection (longing the 69.5 calls and 65 puts), thus turning the...
21-Jun
Investing strategies by pretiming
Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
Supply-Demand(S&D) strength Trend Analysis: In the midst of an adjustment trend of downward direction box pattern price flow marked by limited rises and downward...
C is on its 4th test of resistance, with its moving averages kissing up right underneath its price as support. Its also forming a round up pattern within its breakout making it that much more powerful. I'm looking for it to breakout and complete its round up symmetric pattern at $71 for 5% move to the upside.
10/May/2019 12:48 PM
--
market in interesting conditions rn
so who knows what this will do. And Ive also never been able to do anything right with the financial stocks.
--
but. RR is considerable here if the stock can trade in range here.
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.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
C
