Citigroup
C - Long to $47.20 and $49.50NYSE: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!
Counter-trading Warren Buffet : BUY WFC .Warren Buffet recently reduced his exposure to banks stocks .
How about counter trading him ?
How about being greedy when he is fearful ?
Buy on CITIGROUPOur view on this Stock for today
Entry 49.73
SL 48.98
TP 388
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Citigroup (C) Earnings Estimates Q2 2020July 14, 2020 JPM will report Q2 earnings .
The chart above lists the estimates and includes a technical analysis .
BanksLike the airline stocks, big banks have all formed similar patterns leading into Monday. Funding seems to have shifted to the banks and airlines. Many banks will be reporting earnings this coming week, including JPM, WFC, Citi (not shown) on Tues. 7/14, USB and GS Wed. 7/15, and BAC, MS, and First National Bank (not shown) Thurs. 7/16.
$C Earning playFinancials all showing similar charts descending wedge broke trend with RSI ahead of earnings. just my opinion not advise. negative market direction can make this move much less desirable IMO.
US Bank Stocks: Room to makeup after passing stress testsBank shares ticked higher after passing Fed stress tests, and being given the green light to pay dividends
BUT they still way behind the S&P 500 this year. Lots of room to makeup
$C Citigroup Pennant Breakdown - Bearish Options Activity$C Citigroup Pennant Breakdown - Bearish Options Activity
$8M bearish options bet on $55.00 strike Jan 2022 puts traded yesterday.
Expecting this to breakdown further leading into earnings mid-July.
See chart for possible near term targets.
Note: Not investment advice.
Potentially Green Day Turned Red - Here's WHY - 06/10/20 RECAPHi traders,
Murphy says the very next time we decide to do something, it won't work. That's what happened to me on Wednesday as I re-entered Citigroup after missing a re-entry on Tuesday in PTON. Aaand ended with 2 losses. The day was even more painful because in UNFI I spotted 2 good opportunities - both of which worked - but did not get filled. A nice profit ended up in a loss. But all I can do is to readjust and try better next time!
Trades:
1) CSCO - SHORT @47.39, -0.14%
2) C - SHORT @56.98, -1.02%
3) C - SHORT @56.99, -1%
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.*
Total PnL for the day: -2.16%
Total PnL for the week: -2.05%
Good trades,
Tom | FINEIGHT
OPENING: C JULY 17TH 35 SHORT PUT... for a 1.22/contract credit.
Notes: Taking a small directional shot here in relatively high implied for a financial (42/53) that's been #CoronaHammered. Would also be fine with taking on shares and then proceeding to cover with a cost basis of 33.78, since it has dividends (4.4% yield).
CITIGROUP (C) IN A CLASSIC FLAG FORMATION
after a strong bearish wave, we see a steady recovery on CITI.
the price is steadily going up within a rising parallel channel called a bearish flag pattern.
its called bearish because even if the sentiment is locally bullish, on a long run stock is falling and we keep our bearish bias.
we don't know how long the price will be within, the only trigger for us is the breakout.
daily candle close below is the perfect signal to look for a short trade, expecting a continuation to current structure low
with a potential rally to the downside!
keep watching citi and try to catch a perfect swing short!
good luck!
One GREAT Trade a Day Is All You Need - DT RECAP 04/27/20Hi traders,
Today I kind of repeated Friday - only one trade, but a great winner! If you take a look at the ticker, I could've got +4% out of it. Am I mad? NO!! I already got way more than I aimed for. Greed will not make you profitable.
My trade:
1) NYSE:C - LONG @45.02 , I was cautious about the 45.60 area of the previous swing high, but seeing Citigroup's strength and overall markets upwards direction led me to hold it even further. +2.82%
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the trades' description.*
Total PnL for the day: +2.82%
Total PnL for the week: +2.82%
Good trades,
Tom | FINEIGHT
CITIGROUP stock likely to go up .NYSE:C is likely to go up to the 50 area soon .It might even reach the 67 level if it is successful to close significantly above the 50 area in an upcoming day .
