C trade ideas
12.4.17 | C | Day | Andrew AponasJournal Entry: I am tracking along with most of the major financials and banks. I have left the analysis a little light on C compared to some of my other trading idea's however all of these stocks are tightly knit together and heavily correlated so I believe it will be fine the way it is, for now. I am also going to include an Intraday idea for C as well, that way I can take a look at some of the volatility that occurred today and in the past. Ok, the last three trading sessions have been anomalies, yet the market is moving higher. To me this signals the insiders are campaigning to go long and are in control of the market. My first target is at the 0% line of the Fibonacci retracement tool located at a value of $78.67. Price has traded through some key levels, it cleared the Supply Zone, and closed above the .382% line. This to me looks very bullish, and without even looking at any indicators I think the bullish framework is strong. If I had to speculate why today closed as a long legged doji, I would say that the insiders were shaking out the sellers and the market is about to squeeze whatever is left of them again. More will be determined intraday. Thank You, God Bless.
Indicators:
OBV is extremely bullish and plotting above the mean. This is strong indication of bullish framework/an uptrend.
RSI looks strongly bullish and just entering into overbought where it may remain overextended for quite some time. Historically the RSI can remain above overbought pulling back and continuing to rally for the majority of an uptrend.
MACD has just made a major pivot just below the 0 line and is still in great uniformity for an uptrend with the lines still both strongly bullish and spaced well apart.
12.5.17 | C | 30min | Andrew AponasJournal Entry: I made a quick idea for the intraday time frame on C. It looks like price began trading in an upward moving channel after breaking through the price ceiling which has now become a price floor. The volume is declining and the anomaly that occurred I think was an indication of stopping volume; the insiders are keeping the market propped up at this level. Price pivoted off the old ceiling and confirmed it to be a new price floor this is where I am estimating a potential triangle consolidation pattern may be forming. Although this chart pattern is early and speculation it may indicate a bullish breakout back to the range/resistance of the upward moving channel. Thank You, God Bless.
$C short trading plan 11/20/17Channel Down identified at 17-Nov-14:30. This pattern is still in the process of forming. Possible bearish price movement towards the support 70.0200 within the next 2 days.
Supported by Downward sloping and crossing of Moving Average
C bullish bat pattern,demand zone, and fig support combinationC just broke the B point, which makes this harmonic pattern more referable.
There are still some rooms to hit the entry area, while it's a worth trading long opportunity if it can be pulled-back there.
67 is not really a very important fig support, while I believe there will still be some institutional buy limit orders there.
I would like to do 2 entries of this trade, and the second one needs a intra-day reversal sign to do the confirmation entry.
HOMEWORK: EMA200 AS TREND INDICATOREMA200 (Exponential moving average 200 periods)
The simplest moving average system generates trading signals when price crosses the moving average:
Go long when price crosses to above the moving average from below.
Go short when price crosses to below the moving average from above.
It works very well in trends, as you can see here with a high Risk/Reward ratios but it's plenty of false signals when price it is in sideways.
Similiar pattern on $CNot sure about you but i see a similar pattern forming, we call it a double bottom, once it completes its gonna be nice. Take a look for yourself!! We may find resistance at red trendline, but once its break that resistance, my target on $C is $80. Im currently long. Trade at your own risk.
(Daily) "They" say it will be deeper than we think // Structure NYSE:C
It has started with the Head & Shoulders :D
Sorry about the "mess"
Safe Trades;
CitygroupCity has put a local or long term top. The move down will tell whether this is a short term or longterm top.
Citigroup - Expecting a short term correction to the downsideSince the start of 2016, price has been rallying in a 5-wave structure to the recent high at 69.81 earlier this year in August.
RSI has formed a divergence as well, giving us another confluence of a potential retracement lower from here.
We are expecting price to correct to the downside towards 61.60 or even lower towards 56.44 area in the short term before another move higher.
*Disclaimer - ensure that you have analysed the fundamental of this company and do your own due diligence before trading.
Citi bank analysisHere I will follow C using chart pattern and Elliott wave analysis.
H&S would be confirmed if neckline resistance broke. Lets see what will happen next.
Long Position CitiGroupIt looks like we have a channel forming here. I entered in to a long term position @ 68.14. I like financials long term and I chose to play that using C.
If you like to trade it looks like you could get 8-10%+to the upside in the next 6-8 weeks.
I hold long term positions for 1+ years and re-evaluate actively.
Happy Investing!
Citigroup (C) still has a ways to runI'm simply posting this chart as a reminder how far Citigroup (C) has fallen since its 2008 highs. Rising long rates will benefit the banking sector as banks borrow short and lend long, keeping the spread. Even though the stock has doubled off the lows, it's still priced at 1.0x book (cheapest in the sector, JPM is 1.7x book) and Barron's thinks the shares could appreciate another 50%: www.barrons.com
ARBITRAGE SELL CITIGROUP BUY WELLS FARGOIN 12 MONTH HORIZONT THE BIGGEST PERCENTAGE GAP BETWEEN BIGGEST US BANKS.
ASSUMING BIG DOWN MOVE IN BANKING SECTOR ON DISAPPOINTING RESULTS AND FADING TRUMP TRADE MAY LEAD TO SELL OFF WITHIN BANKS WHICH SHOULD LEAD TO NARROWING THE GAP.
TIME HORIZONT OF THE BET 4-6 MONTHS
