CITI trade ideas
C: Pre-earnings run pattern ahead of Monday reportCitigroup has a pre earnings run pattern which tends to be caused by Pro Traders setting up to take advantage of the earnings reaction. The company will report its 1st quarter earnings on Monday. C had a reactionary gap up at open caused by the JPM gap today. It formed an indecision day candle rapidly. The early gap could interfere with the technical patterns for the report release day.
$C CITIGROUP NOT APPEALING YET. ARE BANKS STILL WHERE YOU SEND MONEY TO DIE ? CITY LIKE MANY ARE STRUGGLING TO GET NEAR THOSE HIGHS FROM 2018. MOST RECENTLY THOUGH THE XLF HAS SEEN A INFLUX OF FRESH CASH, MAYBE GIVING US POSITIVE SIGNALS PRE-EARNINGS. WE WAIT ON THE SIDELINES ON CITIGROUP UNTIL RESISTANCE IS BROKE $67 IS A GOOD ALERT FOR ENTRY IN A LONG.
Breakout imminent With the stock market as bullish as it is “C” should have no problem breaking above resistance. Also, if you notice, 3 weeks ago price tapped resistance and fell hard but in 2 weeks it’s right back at resistance. That’s called manipulation and indicates bullish moves to come
C Citigroup - weekly zoom out C Citigroup - weekly zoom out
Range 55 - 69
resistance test at mean ~ 63
low volume and momentum indicating down trend
VOL ATR - SHORT
macro sentiment unclear
short term neutral, long term bearish idea
next resistance up ~ 69
support at 55 and then down 48
Citi Bank Bullish Breakout?Can we see a breakout in NYSE:C ?
I currently say this because ever since the 14th of January of 2019 it has been consolidating between the resistance line at the $65.23 and the support at $60.81.
For myself the RSI and MACD are the most important indicator to me. As you can see the MACD has crossed just before the 3rd run to the resistance and the RSI is yet to be oversold.
Posting this today the price has came close to the resistance line just by $0.6. I believe that if we see the price break through the resistance than it will breakout and we can see the target price to be around the $69.00 range.
ALSO, there was a big right triangle forming and as of today it has also broken through the right triangle resistance line. So this should be interesting to look at if it can break through 2 resistance lines.
C tough area here but getting stronger5/10ma cross rsi strong stochastic pointing up at supply zone so might break through
Citigroup SHORT64.02 region must hold strong in order for us to see another bearish leg unfold to 56.35.
Once we reach this supportive area, I expect a bit of sideways movement before confirmation of the next trend (be it bearish or bullish)
CITIGROUP, INC. (C): All The Pivots, Supports & ResistencesFind Winning Trades In Seconds >> efcindicator.com (Special Discount)
CITIGROUP, INC. (C): All The Pivots, Supports & Resistences
CITIGROUP, INC. (C): All The Pivots, Supports & ResistencesFind Winning Trades In Seconds >> efcindicator.com (Special Discount)
CITIGROUP, INC. (C): All The Pivots, Supports & Resistences
Citigroup - ShortWe believe earnings week will be bleak.
Citigroup missed big time.
We expect a few gap fills on the 15 min chart . .
C Jan 18 '19 $54 Put is what we entered ...
This is pure fundamental with targets based on technical.
Let me know if you have any questions.
Citibank - Cup and HandleContrary to our previous post . . A cup and Handle formation has formed on the Citigroup pattern . . look for a pattern breakout and a gap fill up to 61 in the short term.
Best of luck traders.
Citi - S H O R T !- just in case you want this guys... this is the entry point for a short
have fun :)
Earnings for C, Citigroup Bank: HFT Gap ExpectedCitigroup reported ahead of open today which indicates it hoped that the market open would inspire buying of its shares of stock. HFTs are set to trigger on earnings news. How it might gap depends on the algorithm focus, retail crowd reactions, retail broker expectations, and the triggers set ahead of open. C has the same negative divergence as AAPL has on the weak “rally run” up after bouncing off of technical support levels best seen on a weekly chart. Today’s chart is a daily chart to show that the run is weak and poised for a potential gap.
C (Citigroup, Inc.) FUTURE H/L daily price swing dates The Djinn Predictive Indicator is used with permission of the owner.
Citigroup Earnings Miss PredictionRegardless of earnings numbers.
The Citigroup chart is setting up bearish. Every indicator is pointing down and the bearish sentiment that Citigroup has on its chart is in line with the rest of the market.
