C trade ideas
Citigroup in uptrend R/R = 4Citigroup is an upside channel and the stock reacted positively on the news that there might be an interest hike in June 2016 by the Fed as this might improve their operational margins
A great shorting oppSome serious overhead resistance. Pick your spots, but some great targets below...
Sell C.....This is bearish in my eyes...
Weekly:
-Trendline supp gone
-Another trend line will poss break soon
-Ichimoku bearish
-Close below Kijun is a nice sell opportunity
Thought to share with you guys
CITIGROUP head and shoulders patternPattern is confirmed, now I am waiting for pullback to advancing neckline area around 44 to enter long position. There is enough room to 52.
Getting Ready to Explode from Bolinger Band SqueezeBuy at 43.45 with a stop at $27.80.
This trade is not alot of shares but has huge upside potential if what we are seeing is a true bottom.
CitiThis week I am watching CitiGroup $C along with some more financial stocks but, we’re focusing on CitiGroup $C. Back in January CitiGroup $C tried to held the $41.68 but, failed miserably and made a low at $34.43. We are not quickly to test $44-45 after the first test of $44.15 but, we had slightly higher high and lows in the triangle but, They made a low that I pointed out earlier. This week will be a key role for CitiGroup $C because of earnings for the first quarter but, we have 4 days to see the setup into the number. I really want to see if we can get out of the $40's.
$C - Up trending. Don't have much to say about $C other than it has been up trending after a long fall.
It hasn't broken the all time up trend either so I'm very confident about this trade!
Entry: 41
Target: 45.1
S/L: 39.7
Financials Are signalling ugly picture but bottom may be closeWill be at $40/41 with tight stop at $38.40. Real-time alerts go www.2waytrading.com
C Thanks for raising mortgage rates and not deposit rates, jerksNot really a technical play, but a mid-term investment: rate hike lift off means more money for banks (unless Fed cuts it again, which would suck and make this view obsolete).
