C trade ideas
HOMEWORK: EMA200 AS TREND INDICATOREMA200 (Exponential moving average 200 periods)
The simplest moving average system generates trading signals when price crosses the moving average:
Go long when price crosses to above the moving average from below.
Go short when price crosses to below the moving average from above.
It works very well in trends, as you can see here with a high Risk/Reward ratios but it's plenty of false signals when price it is in sideways.
Similiar pattern on $CNot sure about you but i see a similar pattern forming, we call it a double bottom, once it completes its gonna be nice. Take a look for yourself!! We may find resistance at red trendline, but once its break that resistance, my target on $C is $80. Im currently long. Trade at your own risk.
(Daily) "They" say it will be deeper than we think // Structure NYSE:C
It has started with the Head & Shoulders :D
Sorry about the "mess"
Safe Trades;
CitygroupCity has put a local or long term top. The move down will tell whether this is a short term or longterm top.
Citigroup - Expecting a short term correction to the downsideSince the start of 2016, price has been rallying in a 5-wave structure to the recent high at 69.81 earlier this year in August.
RSI has formed a divergence as well, giving us another confluence of a potential retracement lower from here.
We are expecting price to correct to the downside towards 61.60 or even lower towards 56.44 area in the short term before another move higher.
*Disclaimer - ensure that you have analysed the fundamental of this company and do your own due diligence before trading.
Citi bank analysisHere I will follow C using chart pattern and Elliott wave analysis.
H&S would be confirmed if neckline resistance broke. Lets see what will happen next.
Long Position CitiGroupIt looks like we have a channel forming here. I entered in to a long term position @ 68.14. I like financials long term and I chose to play that using C.
If you like to trade it looks like you could get 8-10%+to the upside in the next 6-8 weeks.
I hold long term positions for 1+ years and re-evaluate actively.
Happy Investing!
Citigroup (C) still has a ways to runI'm simply posting this chart as a reminder how far Citigroup (C) has fallen since its 2008 highs. Rising long rates will benefit the banking sector as banks borrow short and lend long, keeping the spread. Even though the stock has doubled off the lows, it's still priced at 1.0x book (cheapest in the sector, JPM is 1.7x book) and Barron's thinks the shares could appreciate another 50%: www.barrons.com
ARBITRAGE SELL CITIGROUP BUY WELLS FARGOIN 12 MONTH HORIZONT THE BIGGEST PERCENTAGE GAP BETWEEN BIGGEST US BANKS.
ASSUMING BIG DOWN MOVE IN BANKING SECTOR ON DISAPPOINTING RESULTS AND FADING TRUMP TRADE MAY LEAD TO SELL OFF WITHIN BANKS WHICH SHOULD LEAD TO NARROWING THE GAP.
TIME HORIZONT OF THE BET 4-6 MONTHS
Citigroup Inc. $C - Channel Up Citigroup Inc. $C - Possible bullish price movement towards the resistance $68.70
FIrst TP is 84, this stock might ended the downtrend since 2006,FIrst TP is 84, this stock might ended the downtrend since 2006,
time to buy
missed the best entry though, first tp is 84. I am 95% sure this target will be hit.
CITIGROUP TEXTBOOK LONG SIGNALI really like this setup. Fundamentals are in favour of a long position.
I believe we are starting the next leg higher, it could take us in to 68-70$ area.
Blessings to you all.
