Contrary to our previous post . . A cup and Handle formation has formed on the Citigroup pattern . . look for a pattern breakout and a gap fill up to 61 in the short term.
Best of luck traders.
Citigroup reported ahead of open today which indicates it hoped that the market open would inspire buying of its shares of stock. HFTs are set to trigger on earnings news. How it might gap depends on the algorithm focus, retail crowd reactions, retail broker expectations, and the triggers set ahead of open. C has the same negative divergence as AAPL has on the ...
Technical: Immediate term overbought with significant implied vol discount relative to 30 day realized vol. Stochastic oscillators confirm overbought conditions.
Fundamental: Citi is a large holder of foreign, dollar denominated debt. Due to the strength of the dollar in the past quarter, I expect that FX will show significant headwinds in their earnings call on ...
We believe earnings week will be bleak.
Citigroup missed big time.
We expect a few gap fills on the 15 min chart . .
C Jan 18 '19 $54 Put is what we entered ...
This is pure fundamental with targets based on technical.
Let me know if you have any questions.
Regardless of earnings numbers.
The Citigroup chart is setting up bearish. Every indicator is pointing down and the bearish sentiment that Citigroup has on its chart is in line with the rest of the market.
The financials (XLF) have broken down from its top formation effectively ending a 9 year bull run.
However, the break was a bit too hard too fast and I think there is some room for a decent size bounce if the Fed is willing to give some hint that the pace of tightening is negotiable to the circumstance.
Among all the big names in the financial space, I like ...
Just a quick look to the chart and the short term history we see one of the leading banks struggling to recover from the -95% since ATH...then bankers tell us about bitcoin...lol
Dont miss the next one about JPM...
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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NYSE:C
