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CITIGROUP INCCITIGROUP INCCITIGROUP INC

CITIGROUP INC

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C trade ideas

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,
NYSE:CLong
by UnknownUnicorn13425
DIVERGENCE DONE ?Is this divergence done ? we can't be sure but the price hit a long term support area and broke the short term trend line. I would suggest waiting for the price to break the short term trendline and the short term (orange) resistance zone and then start buying. Seeing the accumulation of the stock spiking and the break of the trendline occuring would be a good signal. I think the right place for the stop loss would be the long term support zone or the angle trend line (green)
NYSE:C
by AlexandreFF