Citigroup Daily (17.07.2014) Technical Analysis TrainingThe Citigroup Inc (NYSE:C) Daily Diagram Technical Analysis Training shows the following:
The C share has made long term consolidations between $46 and $49.5. The weekly diagram shows bullish trend and the monthly is neutral.
So the first think in mind is the case of daily local top at 49.50 again. So we will see if it is a strong long term resistance. MACD is bullish and RSI too. The volume is moderate.
Today it seems to make a reversal hammer candlestick pattern. The share is above the KUMO the Kijun Sen (blue line) and the Tenkan Sen (light green line) too. In addition is above the EMA 200.
There is no special pattern. There is no fib measurement.
There is something you can observe on the diagram. In the previous uptrend the Kijun Sen (blue line) could not got itself above the KUMO. But in nowadays uptrend development the Kijun Sen is above the KUMO. Thats why I think bullish even the todays' reversal hammer,
