(D) If bullish momo continues and 45 remains near term supportthen, long entries near the bottom of the mild bullish channel could be decent as it glides towards 50.
RSI and MACD have room above before showing signs of exhaustion. Of course it may retest 45 or P pivot support before going higher.
Stalk your entry and follow your rules.
C trade ideas
CitiThis week I am watching CitiGroup $C along with some more financial stocks but, we’re focusing on CitiGroup $C. Back in January CitiGroup $C tried to held the $41.68 but, failed miserably and made a low at $34.43. We are not quickly to test $44-45 after the first test of $44.15 but, we had slightly higher high and lows in the triangle but, They made a low that I pointed out earlier. This week will be a key role for CitiGroup $C because of earnings for the first quarter but, we have 4 days to see the setup into the number. I really want to see if we can get out of the $40's.