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)
CTGP34 trade ideas
Learn MACD with C Historical PriceThere is 2 Signal that MACD made
Golden cross and deadth Cross
you can see in the chart,
Golden cross is a buy / long signal
when Blue line cross the red line, it is Golden cross, and it is a buy/long signal
when red line cross the blue line, it is deadth cross, and it is a sel/short signal
in C Chart, MACD is quite accurate to predict the trend
Citigroup Ready to Move?Shares of Citigroup have been trading in the $48-$52 range for close to the last 6 months. With the stock currently trading at $50, Citigroup has YTD performance greater than 25%. Despite the above average returns, I think the stock is getting ready for a breakout very soon. The $52.5 January options are trading at 5:1 call to put ratio and the $55 January option right now has a 3.5:1 call to put ratio.
CityGroupElliott Wave Bullish Contracting Triangle.
For the reason C wave was already complex, D should be finished & impulse wave up to act with daily TF.
E finished either X wave or IV wave. First Alternation comes with 51 $ tick, note that once & if reached contracting triangle can be drawn as bearish pattern & scenario ie. to end B wave !
Citigroup outlookIf we get a retest of prior highs, there is a big chance to get short for a long-term move down.
This pattern is based on long covering at an important price level. Wait for a false break or any kind of weakness.
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