CITI trade ideas
Input Probability Analysis at 4H TF at CITIGROUP stocks Hi friends,
In this zone, I would choose to enter the LONG position, the reason is that it is located on a pretty nice support, thanks to which we create a strong position with a solid probability, the volume profile corresponds to the zone, Market at higher TF in UP trend
$C $C last candle reflect a nice indication property of the pattern is very easy to read , sell-off as today was expected for a whole week, regarding the scare tactics of new disease
money managers are jumpy on the news ..but then realism comes to and reflects on price and trade volume accordingly. Long on dip today 74.01 fill
C - Long Waited Breakout?since the end of march 18 Citigroup was trading below resistance levels 72-73.2
one attempt to break above failed in September 18
yesterday stock finally closed above resistance level and price action looks positive
its not a long as of yet.
the close of the monthly candle is near and if price could stay above the level at the close on Friday i would go long on the stock.
ex-dividend set on Friday
support an resistance lines on chart
Citigroup Breakout potential $cEntry level $82 = Target price $100 = Stop loss $77
Huge breakout potential for the bakcs next week and Citigroup is ready for
a monster move have juast reclaimed the high from JAn 2018.
Possible Inverse H&S pattern formed.
Bullish Cross of 50&100 ma's.
Banks in favor with analysts in 2020.
C Golden Cross and similar price action to 2016/7Citi (C) has just made a Golden Cross (50d SMA crossing 200d SMA). The crosses in Sep 12 and Sep 16 were followed by 75%+ increases in price, so this is primarily a Golden Cross trade. The price/action into the Sep 16 GC is very similar to that from Jan 18.
Also the bullish consolidation into earnings, followed by the pullback on account of the macro market and going ex-div May 3, means we can hope for a retouch of the 200SMA and enter at 65.70. The stop is placed at 60, the consolidation low, and a modest 36% target of 90 gives us 4.26:1 trade.
Now you can truly and happily laugh yourself to the bank -3 Same thing here for Citigroup.
Now you can choose one of the 3 banks to buy , no need to buy all 3 as that concentration might be too heavy for a single portfolio or you aren't too sure.
The bank takes money from you each year on interest and bank charges, now is the time to get back some from them, wouldn't you want that ? haha