Looking at the C Citigroup Inc. options chain, i would buy the $40 strike price Puts with
2022-10-21 expiration date for about
$0.71 premium.
Looking forward to read your opinion about it.
Hello dear Traders,
Here is my idea for #C
Price closed below yellow line (previous month low)
Price closed below purple trigger line to enter trade.
Targets marked in the chart (black lines)
Invalidation level marked with red line
Good luck!
❤️Please feel free to ask any question in comments. I will try to answer all! Thank you.
Please, support my work with...
How I idealised this trade: Woke up slightly later than usual and as I tried to catch up with the market happenings, I realised that whilst the S&P500 has had a great rebound, my portfolio (mainly SPY and blue chip tech stocks) was relatively flat. Digging in further I soon realised that the financials were leading the rebound for S&P 500.
I compared severable...
if im not mistaken warren buffet put billions into C recently, and its hold up better than so many other plays! my idol still has his magic touch, love to see that! :)
watching for longs above 54.90 / shorts below 51.51
C appears to have completed its earnings pump with a star to punctuate impulsive termination and now another for the end of corrective ascending channel.
RSI bearish divergence.
Should be heading down along with indexes.
Not advice.
Citigroup Inc., a financial services holding company, provides a variety of financial services to consumers, corporations, governments, and institutions in North America, Latin America, Asia, Europe, the Middle East, and Africa. It operates in two segments, Global Consumer Banking and Institutional Clients Group.
Revenue TTM 74B
Net Income TTM 21B
Net Margin TTM...
Hello! As we see on the graph, we have small candles with small wicks and on top of that we see that the vwap indicator has taken a white color and that means that there is a balance between buyers and sellers . But, we might have an uptrend if the vwap indicator and the resistance line are forcefully broken by a large green candle and followed by large green...
The PEAD projected a Bearish outlook for $C after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 50%.
Interesting week ahead for Citigroup
The company will report earnings on 07.15.2022 before the market opens, with strong expectations for the fiscal Quarter ending Jun 2022.
Also, the American multinational investment bank is near its major support level, and it is ready to test it. The $40 support was tested several times throughout the years, which formed the...
Reasons to buy:
-one of warren buffet's recent buys
-Trading below 5 year avg p/b valuations (0.80) at 0.51
-Book value of 94USD per share, fair value = 75USD per share VS current price of 46USD (63% upside)
-4% dividend yield
-Cheapest out of all US banks
-Rising interest rates pushes up Net interest margins
While slowing economic growth will curtail...
C dropped very sharply but recovered and has been moving consistently along this major trend line that formed in the beginning of price action
Circles in green are very similar points and should be treated the same
Safe buy along the strong trend line
During the previous week, most US stocks rebounded or reversed from the last trend. I applied WTZ4 and TD sequential tools for making a trade setup. This stock is also one of their examples. Enjoy your trading.
I am expecting economical-sensitive investments like banks to crash to far lower levels than they reached in march 2020 due to even worse economic circumstances ( Contraction + Inflation entrenched)
Citi group is currently down 38.3% from 52 week highs, another interesting factor is that C was gaining while the market was falling. Buffets $3b investment in C is one of many recent purchases he made. We should also be aware we may be approaching a recession as 10-year yields are growing. Current Analyst rating are indicating a "buy" signal and 1 year target is...
NYSE:C
An inverted head & shoulders pattern is developing on the Citigroup weekly chart.
The weekly RSI just left oversold levels; after laying out what could be the right shoulder of the inverted H&S.
The height of the "head" is approximately $48.
Applying fib extensions and a standard pitchfork to approximate a target.
The 1.0 fib extension is almost...
C had posted a sell signal several weeks back, I've constructed the structures; identified to the entry area, stop loss and targeted area. If the financial sector continues to endure pressure, hitting the projected target should be expected in the coming week(s). While this trade is underway, there remains opportunity to profit for our shorter-term traders with...
![C: [8 Sep] Financials Rebound [Reversal Trade]](https://s3.tradingview.com/5/5W0xOgSa_mid.png "[8 Sep] Financials Rebound [Reversal Trade]")
