$GLD $BA $AAPL $C I OptionsSwing WatchlistGLD 1D I Amid inflation fears we highlighted GLD two weeks ago. We now expect to see GLD consolidate as the RSI pushes into overbought territory.
BA 4H I Breaking out from a falling wedge after news that it plans to boost 737 Max production. Major support at $130 on the 4H chart.
AAPL 2H I As we noted, QQQ has found support at VPOC indicator shows us heavy accumulation of buyers on the given range. AAPL is a big leader and given unusual options activity and technical analysis we see AAPL finding support near $124.
C 1H I Watching C break above ATH levels. As it continues outperforming the market even on Wednesday.
Citigroup
$PLTR $170 PT?!?! Technical Analysis Breakdown! 5/14Video breakdown on $PLTR after some heavy PT raises. Also Cathy woods with the lead buying finger.
$C Citigroup Inc - Bull Flag, Huge Call Volume$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: $82 by 2nd half of May
Note: This is NOT investment advice. Educational only.
CitiGroup in a holding patternAfter reviewing the recent earnings release as it looks like they're planning to do some restructuring and reduce its retail banking markets internationally, the markets have responded in kind - by dumping the stock price. It will be good to hold until the next earnings release and the prices has been range bound since March. Earning estimates have dropped and with good reason. Hold Rating.
Citigroups "Massive Potential"Citigroup took a massive hit in the 2008 housing crash and never quite recovered. The investment bank is currently the largest position in Michael Burry's portfolio. The current hesitancy in tech stocks and the speculation over a "tech bubble" are causing a resurgence in value stocks and longer-term plays. Citigroup has been in a bullish trend since the crash and is only showing more signs of a pump. The fib levels are showing a possible run-up to 900$, but I will be taking profits at all of the levels marked, halving my position sizer at each. A stop-loss at 41.5$ would assure that you don't get caught up in any lower lows, as long as we stay in the bullish trend by making higher lows this position is safe.
Random Walk Index Indicator (RWI)This is a perfect indicator to determine the trend direction!
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✅ Uptrend strategy:
When RWI high (purple in this video) is above the RWI low then the trend is up.
Combine this indicator with the Fisher Transform indicator, then open long positions as per the Fisher Transform when the trend is up.
✅ Downtrend strategy:
When RWI high (purple in this video) is below the RWI low then the trend is down.
Combine this indicator with the Fisher Transform indicator, then open short positions as per the Fisher Transform when the trend is down.
Uptrend strategy:
When RWI high (purple in this video) is above the RWI low then the trend is up.
Combine this indicator with the Fisher Transform indicator, then open long positions as per the Fisher Transform when the trend is up.
Downtrend strategy:
When RWI high (purple in this video) is below the RWI low then the trend is down.
Combine this indicator with the Fisher Transform indicator, then open short positions as per the Fisher Transform when the trend is down.
Citigroup LongHi all,
I noticed looking at a few filters on my screener that there was some high dividend yielding companies all showing good benjamin graham numbers. It was immediately obvious to me that the vast bulk of them were in the financial sector, with the narrative of most of the worlds developed populations life changed by huge degrees and the flow of money slowed for most that lending would in turn go down. I got in at $45.31 in onctober and have bought in every other month since. current total position is sitting at +22%.
My initial investment was going to be long term (10Y) but I will re-evaluate if/when we reach the top of the window shown on the chart.
Banks gain momentum Potential gain:18%
Reward/Risk:5
Timeframe: 4-8 wks
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
You’re likes and comments encourage me to continue this.
Stay tuned great live stream and quality content videos coming soon..!
Trade Update #stocksThe Chart: Price has fully reversed from the bottom of the large range (rectangle) and has now broken out of the top end of the range. Despite todays rough down day I am comfortable with my position as long as price can hold above the 59 area.
The Narrative: Banks are taking a bit hit on earnings but the quarterly results we not as bad as the price drop may seem. Given the run most including Citigroup have had, taking some profits into the quarterly results was some what expected. The recent move in interest rates, reopenings, and overall global growth should all be tailwinds for the sector. Unless there is a double dip recession, I think the banks have more room to run especially if we hold the 59 area for Citi specifically.
Citigroup : quick lookThere were times when #C were the largest US bank and their share price was 10 times higher.
More than 12 years have passed since then and #C market cap now is just half of Bank of America's #BAC one and 3 times less than of JP Morgan #JPM.
2020 pandemic wasn't a financial industry crisis. Quite the contrary Banks are benefiting from the huge injection of liquidity, increase of the number of retail investors and IPO-mania.
Their own analysts predict a bright future for the long time undervalued financial sector in the months to come.
Sourcing inspiration from the #C share price dynamics in 2016-2018 we could mark some support-resistance levels for #C up until end of 2023: 63,50 - 53,50 - 83 - 72 - 100 - 90 - 120
CitiGroup sym: (C) In Big TroubleCitiGroup Bear Flagging hard. Very high volume selling. I think there's more to this story than the public knows yet. All banks having a terrible day despite beating earnings expectations. I just don't trust the CLO exposure that these banks have. Citigroup may be in for a world of hurt soon if they overleveraged themselves. If Citi goes under we could see the entire financial system collapse with it. Be careful out there.
Technical Pattern Daily:
BEAR FLAG
Supports in Green
Resistances in Red.
Good luck. This ship looks like it's about to sink.
Citigroup Inc. ideas📈 NYSE:C LONG H4
🛒BUY above = 44.12
🎯Target1 = 46.41
🎯Target2 = 47.83
🛑Trailing Stop loss = 40.45
❌Cancel trade and open reverse trade = 40.45
🙈Recommended risk = 1-2%
📉 NYSE:C SHORT H4
🛒SELL BELOW = 41.85
🎯Target1 = 40.45
🎯Target2 = 39.59
🎯Target3 = 38.20
🛑Trailing Stop loss = 44.12
❌Cancel trade and open reverse trade = 44.12
🙈Recommended risk = 2-3%
#C #Citigroup
Despite recent fines and underperformanceDespite recent fines and underperformance Citi maybe be forming a potential bottom. Bank shares seem to be on the rise so there can be sector tailwinds for the name. Director Jay Jacobs has made the largest public stock purchase in over 5 years. Although the narrative on financials seems to be more positive we will let the model signal when to buy.