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.
TRVC trade ideas
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).
Very little price memory til 164 from here.......why was my stock of the year last year (guess I was early, but I'm long)
C Short based on divergenceLooking for a move lower based on a divergence between the price action and the stochastic. Price has made a higher high and the stochastic did not. Any weakness in the market has the potential to move the stock lower. If the market opens up tomorrow and there is any weakness in the stock I will enter July Puts.
C Waiting to break out of inv h&s (daily)If C manages to break out of the inverted head and shoulders, i see the following possible long targets:
T1 May-Jul: 60
T2 May-Dec: 80
A close on or above 54.80 is a confirmation of a break out. Price below 53.31 would require reevaluating the situation.
C - Supply Level ReachedSupply level line reached. Takeaway is probably just a few percentage points here.
Citi missed on their January earnings by 33%, so I don't understand the recent surge here... Shorting.
C Day Trade Retest Gap (Brad Reed Mar12,2015)C expected to open at 54.09 for a Retest Gap To learn to trade this strategy for free, go to www.RealLifeTrading.com
