Can't clear the down yellow trendlineBe patient and wait until it can clear the yellow trendline before buying. IMO it should break up as central banks raise rates to tame inflation. Also beware of the gap below. It might go down to fill it before going up.by LextradingPublished 1
Citigroup Inc: A model worth + 10%In my personal opinion Citigroup Inc. is a wonderful investment for the time being. The whole banking sector is performing very well and they are reporting wonderful profits. Citigroup Inc. is doing the same thing as well as it keeps reporting strong profits and from the other side, the dividends are not bad at all $0.51 per share or 3.05%. As we can see from the chart the price tested the lower part of a very strong support area. By evaluating the previous Harmonic pattern the price bounced more then+10%. So we can see the same scenario repeating again. Target: $73.73 to $74.60 Thank you and Good Luck!Longby KlejdiCuniPublished 151535
RectangleMid rectangle is 70.30 and can be a good stop for whichever way you think this may go, up or down. A break of support. or the bottom trendline would be a downward break. This is a consolidation pattern and price may remain inside for quite some time but eventually, the market will make a decision. A rectangle is a neutral pattern and needs 5 touches, 3 to one trendline and 2 to the other. This one is trying to touch for the fifth time. It can go up and down inside for a while though, Possible bear flag. No recommendationby lauraleaPublished 0
(7) C 11/11 TriangleNice consolidation occurring here with C... keep an eye on this one Price Target = $85-87Longby azap81Published 1
Citi multi-day swing (regression)Good Morning! Citi Group has been in this channel for a few months now. A key level for me to take a neutral-bullish trade was the $66.50 area. The support and resistance zones are fairly clear. I believe we will see Citi climb back up to the $71-$72 area. I like stock for Citi Group as this company is cheaply priced and a good stock to own. My first two PT's are easily achievable, and based on historical chart data we will be back in the $70's within a few days. That's the technical view but fundamentally, financials as a sector aren't that strong right now. The price moved up a little overnight, not surprising. The price normally doesn't consolidate around this level but if it does that can indicate a bigger potential move in either direction (hopefully up). Cheers. by DontSlamTheDoorUpdated 221
Death cross . 50 day moving average cross 200 day moving averageAs you can see 50 day moving average cross 200 day moving average . That shows a bearish sign but it took support on trend line. it could jump for short time. If trend line support don't break we can see jump on 72 to 73 . if trend line break then its going down for long term. Wait for confirmation and do your research before enter. This is just a idea not a any financial advice . by kb1311Published 0
Promising Set-UPTechnically Nothing has shown any sign the price is going Higher yet. But It is showing oversold. Historically - this stock bounces up when the RSI hits an oversold level. It always comes back to Re-test 0 RSI level. The major companies with good financials usually follow the technical indicators. Financials on the stock are stable. The Net Income on the stock is dropping each quarter in 2021. Annually the stock will have Net income over 20 billion, Crushing the previous years annual net income. This Stock has been in long ass short squeeze. Everything is showing its at low the end of the squeeze and will come back to retest 70 $ range. I'm Waiting and see if it dips into the 63 - 65$ range on Monday or Tuesday and if any lower timeframes show a turnaround. by sycaway87Published 111
C sideways mode📊look for a move above the top trendline resistance for confirmation of more upside, keep in mind the stocks been stuck in 65-75 range for 4+ months.. so don't set any crazy price targets. banks are slow movers in general so take profits when you see them, dont forgot to like and follow for more ! Longby Vibranium_CapitalPublished 2219
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). Shortby bsdvs23Published 110
C: A Very Nice Bank For A Shor Term InvestmentWe can see that the price found a strong support area close to $ 69. At the bottom of the pattern we have a horizontal structure and at the top of the resistance line, the price is creating a sloping resistance trend line (expansion). From here we can assume that the price can make another upward move with target the upward slope trend line and the horizontal structure coming from the left. The price target corresponds to $ 74.5 which is approximately from plus 7% to 8% for our investment. Targets: $74.50 Thank you and Good Luck!Longby KlejdiCuniPublished 181825
C trade Opportunity C has support around 69 where it is sitting right now. It is also at the bottom of the channel it has been trading in for about 1 month. Since there is support and C is about to hit the bottom of the channel i am more bullish than bear, although if it breaks support I would short C by UnknownUnicorn15677399Published 0
$C Citigroup $ C Citigroup looks interesting enough. It can be long from the current ones with a stop below the 200 MA (68.7). Breakdown level 0.886 (73.52) Looking like wide angle with breakdown after black level 2Longby dread003111Published 0
Citigroup ShortCitigroup short,fibonacii-retracement, down trend, evergrande... Shortby bearishzpesPublished 1
Citibank Head & Shoulders Tilted body looks to be indicating a move further to the downside. We are going to possibly see a retracement back down to the $66 / $64 area. NYSE:CShortby JBNYCTRADEPublished 333
Financial Sector needs a pull backXLF is over-inflated (financial sector) BlueWave will give a red dot sell signal soon. Stochastic RSi is overbought.Shortby MoonBetsPublished 5
C Expecting 7%+ higherI asked in my dowsing work what sectors may go down into the end of the year and got financials. I thought that was kind of strange if rates are going up. But I went ahead and asked which of the bank stocks might have the easiest move down. The answer was $C. This morning I notice C is actually up 2%, and as often happens in this work, I ask for something moving one way, but the answer given is opposite, so shame on me for not getting clarification. Regardless, since this development and C far outpacing the others to the upside, I understand it's UP not DOWN! I did receive the option for C to move up at least 10%. This is an untested attribute on my scale though, but I'm excited to see if it works out. From the low C is already pushing 3% (or may be there by now), but upside looks good in financials and especially C (for now).Longby JenRzUpdated 0
UPDATE ON CITIGROUP Broke even won profits lost profits could have sold on both ends of the filed I might post an update tomorrow but I have officially let go of the position with only 20$ profit… Happy Trading new play to be posted soon.by traderjussPublished 1
ANOTHER FREE MONEY PLAY “C” CALLLooking at the history of this chart and it’s pattern the healthy downtrend and selling has stopped, I see tomorrow as a conformation and then Wednesday being a Green Day. Easy and straight to the point you will be able to get in tomorrow and hold u till Wednesday! Happy Trading!!Longby traderjussPublished 1
Cypher BullishC is over long entry level. The Cypher pattern is a technical wave pattern in which the market is trending but it makes sharp reversals during the day. The important point of the bullish cypher is that both the lows and the highs are trending upwards. For the bearish pattern, the opposite happens. If the cypher completes successfully with a reversal taking place at point D, it may eventually become a trend channel where the price moves between the highs and lows. Cyphers can also appear inside price channels that are already formed. It is recognizable in it's bullish version by the 2nd peak being higher than the first like a bullish shark. D is the landing pad in the Cypher pattern and should land close to the .786 of XA. No recommendation Targets 2, longer term are 93 to 101by lauraleaUpdated 0
FREE MONEY PLAY FOLLOW UP “C” Hope everyone who got to see this post profited even tho I don’t got too many followers… I hope if anyone did see this they held the position because it was a shake and bake kind of hold but I profited about 70% gain great hold fun position More plays to come soon… all love!by traderjussPublished 112
FREE MONEY PLAY “C” TO FALLI’m currently driving but the idea struck me the pattern and the chart formation, Citigroup is currently focused on one thing and that’s it pattern for this coming week “C” is focused on one thing and that’s it’s current pattern… I know you see just an arrow pointing down cans now technical level fundamental pattern, I’m going based on the strength of the last drop and how it acts as a conformation candle currently trying to form an “inverted head and shoulders pattern” you can see by the length and duration of this chart while it was at its peak if it’s current pattern about 3 trading days ago… Notice also on the day 08/19/2021 (Today) that it’s open gap did not close has continued to drop, Matter of fact an older gap that occurred 2 weeks ago has closed and if we follow the pattern on how many gaps have been left “open” in the last 2 weeks 2 other gaps have not closed… If you study gaps you know about 75% - 80% of gaps do close so I see these gaps as retroactive meaning the more gaps left unclosed the higher the chance of just ONE gap being closed. That’s not all what’s based on this pattern it’s not just technical analysis and fundamental trading with balance sheets that predicts stock movement but sometimes the actual “energy” and consistency of healthy buying and selling which runs the gears… Think of a refrigerator that has a consistent source of electricity your food will remain cold that’s what this chart is showing us this week the consistency of all the buying and selling no drama to make this stock act on impulse as well as no news remaining low key while doing its “job” as I stated this chart formation is a result of trading consistency no games or turn of events this chart will follow its pattern following a hard drop it will drop again not as hard but about half the previous candle like a train following a path it dosnt stop instantly but need to hit the breaks blow the whistle and let the sparks fly from the friction of the breaks to the track… Target price is $69.00 of $68.50 these are the areas we will start to see resistance and this is The price range in which I well sell, From a contract trading at .50-.60 cents “C” Citigroup has low volatility that works for it in this trade making the contracts cheap and a full dollar drop will easily gain you a 50% to a 75% gain… Happy trading my fellow warrior!!!Shortby traderjussPublished 1
Citi Holds the 50-day SMAFinancial stocks have bounced in the last two weeks, and Citi is one of the biggest members of the group. A few patterns stand out on the banking giant’s chart. First is its breakout above the 50-day simple moving average (SMA), followed by a pullback to hold that line. Next is the late June highs around $71.50, near the current level. Third, notice how the 8-day exponential moving average (SMA) is now above the 21-day EMA. This may indicate shorter-term momentum has grown more bullish. In addition, MACD has been rising for almost a month. Overall, C is one of the weaker names in the financial space. However this current setup may offer more apparent entries than stronger stocks like Goldman Sachs and Wells Fargo . It also stands to benefit if the current rotation toward value continues and the Federal Reserve tapers (as officials like Raphael Bostic and Richard Clarida have suggested this month). TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.Longby TradeStationPublished 115