Citibank (C) - Downward PressureI'm expecting Citi to experience some downward pressure. I know that Target 1 is fairly close to the current price, so there may be some intraday opportunities to short bullish retail candles into supply/resistance levels. As for the yellow line that is my middle line that may provide a pause before heading to the Target 2 area. If I were buying puts on this position it would contain at least 2-3 months of time value; however, short term trades (like day trades) can have shorter expiration date values.
Here is the current intraday chart as well with extended hours displayed (I only included this to see if price was experiencing any movements after hours).