TRVC trade ideas
Breakout imminent With the stock market as bullish as it is “C” should have no problem breaking above resistance. Also, if you notice, 3 weeks ago price tapped resistance and fell hard but in 2 weeks it’s right back at resistance. That’s called manipulation and indicates bullish moves to come
C Citigroup - weekly zoom out C Citigroup - weekly zoom out
Range 55 - 69
resistance test at mean ~ 63
low volume and momentum indicating down trend
VOL ATR - SHORT
macro sentiment unclear
short term neutral, long term bearish idea
next resistance up ~ 69
support at 55 and then down 48
Citi Bank Bullish Breakout?Can we see a breakout in NYSE:C ?
I currently say this because ever since the 14th of January of 2019 it has been consolidating between the resistance line at the $65.23 and the support at $60.81.
For myself the RSI and MACD are the most important indicator to me. As you can see the MACD has crossed just before the 3rd run to the resistance and the RSI is yet to be oversold.
Posting this today the price has came close to the resistance line just by $0.6. I believe that if we see the price break through the resistance than it will breakout and we can see the target price to be around the $69.00 range.
ALSO, there was a big right triangle forming and as of today it has also broken through the right triangle resistance line. So this should be interesting to look at if it can break through 2 resistance lines.
C tough area here but getting stronger5/10ma cross rsi strong stochastic pointing up at supply zone so might break through
Citigroup SHORT64.02 region must hold strong in order for us to see another bearish leg unfold to 56.35.
Once we reach this supportive area, I expect a bit of sideways movement before confirmation of the next trend (be it bearish or bullish)
CITIGROUP, INC. (C): All The Pivots, Supports & ResistencesFind Winning Trades In Seconds >> efcindicator.com (Special Discount)
CITIGROUP, INC. (C): All The Pivots, Supports & Resistences
CITIGROUP, INC. (C): All The Pivots, Supports & ResistencesFind Winning Trades In Seconds >> efcindicator.com (Special Discount)
CITIGROUP, INC. (C): All The Pivots, Supports & Resistences
Citigroup - ShortWe 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.
Citibank - Cup and HandleContrary 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.
Citi - S H O R T !- just in case you want this guys... this is the entry point for a short
have fun :)
Earnings for C, Citigroup Bank: HFT Gap ExpectedCitigroup 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 weak “rally run” up after bouncing off of technical support levels best seen on a weekly chart. Today’s chart is a daily chart to show that the run is weak and poised for a potential gap.
C (Citigroup, Inc.) FUTURE H/L daily price swing dates The Djinn Predictive Indicator is used with permission of the owner.
Citigroup Earnings Miss PredictionRegardless 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.
Short CitiTechnical: 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 Monday.
Short term price target of $42.76
Best of luck,
Bounce play in the financial stocksThe 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 Citigroup the most as it has some appealing technicals.
Notably, the measured move target has been achieved and it is trading into the big consolidation range just before the last thrust to the upside.
I would reckon the entry of 54 dollar is attractive from the risk reward basis that the 60 dollar mark should be a reasonable target in the scenario of a favourable Fed policy announcement.
$C - The complacency must be immense You know after this past week's rally - I was more than surprised to see it be led by financials. I'm more bearish on the financial sector than I am every other sector combined. Even without the bias - everyone has a "dip" they can justify buying regardless of the PL it makes - typically, when one sector makes a new 52 week low 3 times within the past 4 months - you almost scratch your head at what the market sees lol. I can understand the investors still bullish on the fundamentals of the banks, that & the contrarian side of buying the under-performers of the market & all but.... makes me wonder whether I'm going crazy or everyone else is lmao. Nonetheless - $GS was the bank that caught my eye a while back, just because of the resemblance of the pattern correlated to the 2015 flash crash (whatever you wana call it). $PFG was another, but more-so a comparison almost mirroring the 2008 financial crisis. Regardless, I wanted to post one last of the financials to put the theory to the test because if there was any complacency I was willing to short right before the downfall - this past week was the time. Definite kudos though, because even in 2015 - there wasn't as much willingness to buy on the consistent weakness. If you're not convinced by the pattern comparison, or the price placement between moving averages, you probably aren't convinced by the underperformance of the entire financial sector being worse than that of $EM, but, to each his own I guess.
