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CITIGROUP INCCITIGROUP INCCITIGROUP INC

CITIGROUP INC

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C trade ideas

Citi Bank Bullish Breakout?Can we see a breakout in NYSE:C ? I currently say this because ever since the 14th of January of 2019 it has been consolidating between the resistance line at the $65.23 and the support at $60.81. For myself the RSI and MACD are the most important indicator to me. As you can see the MACD has crossed just before the 3rd run to the resistance and the RSI is yet to be oversold. Posting this today the price has came close to the resistance line just by $0.6. I believe that if we see the price break through the resistance than it will breakout and we can see the target price to be around the $69.00 range. ALSO, there was a big right triangle forming and as of today it has also broken through the right triangle resistance line. So this should be interesting to look at if it can break through 2 resistance lines.
NYSE:CLong
by jrotth
2
Earnings for C, Citigroup Bank: HFT Gap ExpectedCitigroup reported ahead of open today which indicates it hoped that the market open would inspire buying of its shares of stock. HFTs are set to trigger on earnings news. How it might gap depends on the algorithm focus, retail crowd reactions, retail broker expectations, and the triggers set ahead of open. C has the same negative divergence as AAPL has on the weak “rally run” up after bouncing off of technical support levels best seen on a weekly chart. Today’s chart is a daily chart to show that the run is weak and poised for a potential gap.
NYSE:C
by MarthaStokesCMT-TechniTrader
1
Bounce play in the financial stocksThe financials (XLF) have broken down from its top formation effectively ending a 9 year bull run. However, the break was a bit too hard too fast and I think there is some room for a decent size bounce if the Fed is willing to give some hint that the pace of tightening is negotiable to the circumstance. Among all the big names in the financial space, I like Citigroup the most as it has some appealing technicals. Notably, the measured move target has been achieved and it is trading into the big consolidation range just before the last thrust to the upside. I would reckon the entry of 54 dollar is attractive from the risk reward basis that the 60 dollar mark should be a reasonable target in the scenario of a favourable Fed policy announcement.
NYSE:CLong
by chenb1981