Citi Group (C) might break out its rangeCitigroup has been trading in this range for 14 years.
Could it continue to keep going sideways? Yes.
I will take a jab at this for a long term investment
Invalidation: Monthly Close below $43.11
CITI trade ideas
$C Citigroup catch upLooking at long term charts, the bank crisis has opened an opportunity to invest in bank stocks. Lowest risk is to go with the too big to fail banks. Citigroup is one of them. If you compare it to the other big bank stocks since 2008 you'll see that C has lagged behind while others recovered to pre-crisis levels. I think C can catch up in next few years. It is my choice to invest of the big banks.
Citigroup to fall around early June
Head-and-shoulders forming on the 5-day.
Credit card defaults reaching all-time highs.
Cash exodus (mostly to money markets, bonds, etc.) means the hurt on Western/U.S. banks is only just beginning.
Trend is downward.
Looking for a bounce around the bottom of the LuxAlgo indicator channel.
Is it just cause Im looking for it? C Head and Shoulders patternHead and shoulders pattern established for Citi. Is for the biggest banks/financials/Transports, on the planet. JPM, GS,WFC, BAC, IYT, VTHR. Seeing it everywhere
C Q2 2023Looking at Citigroup's chart and publishing to keep track of the movement. The chart is forming a head and shoulders and could get ugly if the pattern plays out.
CITI GROUP MAYBE MAYBEThis bank holds more cash around the world but we know that banks has no more cash at their vaults because of Federal reserve banking system. Interest rates kill them.
So we might see CITI group might go below or pump atleast there is a buyer.
Follow for more.
This year is interesting on banks......
CITI Stock Chart Fibonacci Analysis 042623Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 47/61.80%
$C with a bearish outlook following its earnings #StocksThe PEAD projected a bearish outlook for NYSE:C after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 50%.
$C holding above $49 and through $50 looks pretty goodCiti group had a nice bullish candle close post the bullish green candle. It held the upper range of the bar and didn't sell off on heavy volume.
Citi Bank - Breakout Citi bank is traveling towards the resistance @ 52.
Once it touches 52, we can expect a short pull down to 49 or 48.
Once it crosses 52/53, it will fly.
C Citigroup Options Ahead Of EarningsAfter the last price target was reached:
Now looking at the C Citigroup options chain ahead of earnings , I would buy the $52.5 strike price Calls with
2023-9-15 expiration date for about
$1.28 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
C Citigroup Medium term OptionsThis bank sell-off looks like a buy opportunity if you think medium to long term.
Looking at the C Citigroup options chain, I would buy the $45 strike price Calls with
2024-1-19 expiration date for about
$5.55 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Banks crisisWith everything that's happening in the financial sector, and speculations about a recession. Citigroup share price dropped into a weekly downtrend channel and breaking below previous major support. I'm hoping for the share price to drop to the next major support level @39.58.
💾 Citigroup, Inc. | The Chart Looks Different But Still BadCitigroup doesn't look as bad as BAC or JPM as it has already been going down strong since June 2021, it also didn't recover much from the 2009 crash and so there is less room for a crash... But it is still quite bearish, the chart!
Here is the chart:
Maybe this people are more down to earth and this is why their stock is doing worse, they know whats coming, their customers are more aware and so they have been selling for a long while.
The others might be in the clouds.
What we went through with the capitulation phase within the Cryptocurrency market and the November 2022 lower low the traditional financial markets still have to go through, we went through the process first.
✔️ Citigroup moved above EMA10 in December 2022 and after struggling a lot it managed to move and close above EMA50 last week. This week this is all lost and we have a high bearish volume close below this very important level.
✔️ Citigroup now trades below all moving averages, a very strong bearish signal.
✔️ What the chart is clearly saying is that a continuation of the bearish trend is likely to take place.
Unless a miracle happens... Something like Trillions of dollars being produced out of thin air, this is like to crash as well with the rest of the giant banks... This is what the chart says.
Bearish all across.
The monthly chart, the main one above, is not as weak but still trading below EMA10 yet this month is still young.
I am getting mixed signals on the monthly chart.
The weekly chart reveals whats to come.
When a timeframe is not clear, we can go to lower timeframes to get a better picture.
Prepare yourself.
Namaste.
CITI Stock Chart Fibonacci Analysis 031123 1) Find a FIBO Slingshot
2) Check FIBO 61.80% level
3) Entry Point > 48.7/61.80%
$C: Citi has a nice weekly trend$C has a very strong trend signal here, interesting setup forming here in the daily as well, looks like a pretty low risk long with decent upside.
Interesting that banks act strong now as well, from an economic standpoint...
Best of luck!
Cheers,
Ivan Labrie.
C - Minor Low BreakoutCiti is another banking stock flirting with upside.
Prices broke above the 200 propulsion moving average and are now retesting the breakout. This corresponds with a weekly 1-2-3 breakout.
G/G trend that is flirting with y/y. Will revert back to G/G with up day Monday.
RAF < Extremes, so minor low breakout trade.
No vscore. Some volume level support in this area.
Looking for a minor low breakout at 50.20.
16June23 50 Calls
B/E @ 50.95 due to darvas levels and vscore/vway level.
First Profit - $51.40 (previous high in 2 leg move down.
C Long Resault: 17.56% Profit✅A good opportunity to long position and get a good profit from the attractive American stock market
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CA good opportunity to long position and get a good profit from the attractive American stock market
Stay with me to get more analysis after following me by sharing with friends and leaving a comment.
According to my risk and capital management system, the risk of each trade is one percent per position.
What do you think about this analysis and other analyses?
What symbol would you like me to analyze for you?
Citi groupShort target 45$
Stop loss 54
CCI and Moneyflow is telling me any leg higher is a fake out
Notice how the formation in the white trendline is similar to the spy daily chart?
If you go back and look at the charts here between 2020 and 2021 , you'll see alot of resistance around 53: similar in 2022.
Citigroup: Low Risk Puts TradeRight now the Puts for Citi expiring months out are very cheap and if we look slightly OTM we can see a put option expiring Mar 17th at the strike of $42.5 trading at under 40 cents. I could easily buy a bunch of these at a low risk and just see how it goes and that's what i will be doing. On the other end of things i will be hedging against my overall bearish stance by buying 5% of the amount of puts i buy in calls in the form of the Mar 17th strike of $50 calls selling for under $1.71 a piece.
$C with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $C after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
$C Trade Idea 2-2-2u reversal on the daily $C Trade Idea
2-2-2u reversal on the daily, holding above the wedge breakout, heading into Friday's earnings.
Calls over $47.69
Target $47.85, $48.67
Puts under $46.61
Target $45.97
Not Financial Advice just a concept trade for educational purposes only
