CITI trade ideas
Despite recent fines and underperformanceDespite recent fines and underperformance Citi maybe be forming a potential bottom. Bank shares seem to be on the rise so there can be sector tailwinds for the name. Director Jay Jacobs has made the largest public stock purchase in over 5 years. Although the narrative on financials seems to be more positive we will let the model signal when to buy.
Citi looking bullish with strong earning results$C posted good results with a strong bullish projection on the PEAD Cone, Price is currently trading on the lower end of the cone looking to push higher towards the median line.
Citigroup- adding , adding, addingAdding this stock to my portfolio. May go down to about $30 a share. I will purchase a lot when we are there.
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Citigroup, Very Weak Stock in a Very Strong MarketLooking for short entries. Above 46 would be stop loss. Citigroup is a very weak stock compared to the market so it is a good short hedge against other long positions. Expecting it to re test recent lows.
CITIGROUP INC. LONG H4📈C LONG H4
🛒BUY above = 46.10
🎯Target1 = 47.30
🎯Target2 = 48
🛑Stop loss or cancel trade = 44.10
🙈Recommended risk = (1%-2%)
C: Inverted Head & ShouldersWill the price rise again even after
Citigroup was fined $400 million by U.S. regulators ?
TP 1 = $47.99
TP 2 = $49.81
TP 3 = $50.61
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C - Long to $47.20 and $49.50NYSE:C
Just an idea:
Entry now $43.50
Take profit $47.20 and $49.50
Stop loss or hold long is up to you
Disclaimer!
$C - can it do it? $BAC and $C are not as bad as $WFC but not as good as $AXP - watching them closely
$AXP and $MC definitely have the buyers at this point. Buffet moving funds from $WFC to $C maybe a tiny boost to get this to pick up a bit more
$C - gearing upCharts are showing some positive signals. Maybe the sector will continue to move upward.
let's make some profits againhere is a stock that was discussed with a client , for now the consolidation shows the nature of the next move.
PM in case you are not familiar with the trade box.
I will link some ideas where same strategy was used.
CI will try this long in C again (after getting stopped out last time with a small profit), but only at the bottom of this broadening formation around $47.8 - $48. Targeting a quick return to the top of the formation around $56-$57 with a lotto call. Included a comp to 2014 to show what this MAY look like.
