CITI trade ideas
short term bullI am short term bull on and short on the overall banking industry. Not convinced that the industry as a whole is done bleeding. We could see price hit the 200 SMA before we can see a bounce. its retesting broken support and possibly by end of week or next it will go down. I will be out of my short position if over 72.50. entered one position and adding on at the 70-71 level.
c- oversold/golden pocket bounceBanks got destroyed this week, and may see one more flush to the downside before seeing a bounce. Ideally would like a see a touch to the golden pocket before making a move up, but its so oversold that the bounce may begin this week. How'd I'd it is by scaling into a position with the understanding that $65 is a possibility and be prepared for another entry. Obvious stop would be a loss of the .707 fib retracement.
City Bank in ascending channelCity Bank in ascending channel, entry in the lower edge of tunnel stop loss would be 3% on closing basis, target is 78 where horizontal line is.
Citigroup: Nearing Intraday Target. Take The Money & Run Hit a high of $71.93 (target $72.00). Now around $71.63
Opportunity?Looks like risk off in front of the Fed today. I'm a buyer into this degree of downside extension for a short term bounce play. No real catalyst for the selloff aside from the lower trading revs guide, but I don't think that's a huge deal and was already mostly priced in due to the general slowing market conditions.
Citi LongTrade price: 72.2
Target price: 90
SL: 72
R/R: 1 to 5
Citi is 1 of the banks Stock Picks to benefit from 'Goldilocks Inflation' Cycle... -Source: Wayne Duggan 5/11/2021 Bezinga
C- Citigroup OversoldCC Squeeze is hinting at a trend reversal of the overbought condition.
C has a buy signal on the 30m chart and a buy on the 1hr chart seems to be coming soon.
30m show 4/4 confirmation (trendline, signal, swing, squeeze)
watching 4hr for an entry confirmation to BTO 6/25C @ 76
$C- Citi Bank Breakout to ATH
$C initial breakout needed a retest to find some liquidity before another attempt at breaking an ATH
Bull flag breakout with an Inverse H&S and MacD crossing over bullish. Ride the momentum.
Market rotations keep the market in a strong bull run. Money flows back and forward from Dow components to Nasdaq.
Citi group Fractal looks too similar. Wanted to be bullish. I laddered in shorts at 76.30. So far paying out. Expecting bounce at 74.65 area to bounce back could go as high as 76.90 where I will add to my shorts. If it breaks that flags on top the. Obviously I will be forced to close
CITIGROUP With the p/e about 10 and filling the GAP I think the harmonic crab pattern going to be happen.
$C Citigroup Inc Bull-Flag Breakout
Nice breakout today from the Bull-flag,
Tomorrow will look to add to position on a possible back test of the trendline.
Short term target the 2018 High.
$C Citigroup Inc - Bull Flag, Huge Call Volume$C Citigroup Inc - Possible bull flag breakout today.
Bullish Unusual Options Activity
$776M of 2021 expiration calls traded today (majority Jun)
$698M of 2022 expiration calls traded today (majority Jan)
$166M of 2023 expiration calls traded today (Jan)
Over $1.6 BILLION of Citigroup calls traded today after they reported a solid earnings beat earlier this month. One or multiple large funds are obviously very bullish on this name.
Near term price target: $82 by 2nd half of May
Note: This is NOT investment advice. Educational only.
Traditional|C|Long and shortLong and short C
Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone.
Working out the support and resistance levels of the consolidation zone.
* Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author.
+ ! - zone highlighted by the ellipse is a zone of increased resistance, in this area there is a possible reversal for a correction, please take this factor into account in this transaction.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
The breakdown of the upper blue zone - long.
Breakdown of the lower blue zone - short.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Blue zones - activation zones.
Green zone - take zone.
Red zone - stop zone.
Orange arrows indicate the direction of the take.
Red arrows indicate the direction of the stop.
Priority - The value of the priority parameter implies the author's subjective opinion about the more likely activation zone on this idea, this does not mean that this idea will be 80% activated by this parameter, the purpose of the parameter is to provide for the risk of the inverse of the zone parameter.
Example: "Priority Long: So the author inclines more in the direction of the activation zone open long trades, in this case, when reaching the activation zone in short you should be very careful, because this area may be highly likely to be punched about the breakdown/do not get to take/activate transaction from go to stop."
Please consider this parameter if you use my ideas.
SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take.
P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
BanksBanks not doing so good
I am short C off the weekly stoch
lower highs look selling vol to buying
CitiGroup in a holding patternAfter reviewing the recent earnings release as it looks like they're planning to do some restructuring and reduce its retail banking markets internationally, the markets have responded in kind - by dumping the stock price. It will be good to hold until the next earnings release and the prices has been range bound since March. Earning estimates have dropped and with good reason. Hold Rating.
City groupQuick analysis I don’t know anything about this stock. Looks like it’s breaking out with a big targeted move also a big W
C swing longAs many others i am expecting of growth C stocks after statement publication.
Usually is sharp rising before publication, but now is little different situation.
Waiting for news and what will happen with C.
