A good opportunity to long position and get a good profit from the attractive American stock market
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According to my risk and capital management system, the risk of each trade is one percent per position.
What do you think about this analysis and other...
citigroup is showing all major signs of having completed wyckoff accumulation near bottom since 2009. it has been in congestion for more than a decade now and has failed to make a new low over more than a decade. currently it is reversing strongly from the bottom of the trading range. next ten years could see it reach 500 again (10x potential)
Short target 45$
Stop loss 54
CCI and Moneyflow is telling me any leg higher is a fake out
Notice how the formation in the white trendline is similar to the spy daily chart?
If you go back and look at the charts here between 2020 and 2021 , you'll see alot of resistance around 53: similar in 2022.
Right now the Puts for Citi expiring months out are very cheap and if we look slightly OTM we can see a put option expiring Mar 17th at the strike of $42.5 trading at under 40 cents. I could easily buy a bunch of these at a low risk and just see how it goes and that's what i will be doing. On the other end of things i will be hedging against my overall bearish...
The PEAD projected a Bullish outlook for $C after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 100%.
$C Trade Idea
2-2-2u reversal on the daily, holding above the wedge breakout, heading into Friday's earnings.
Calls over $47.69
Target $47.85, $48.67
Puts under $46.61
Target $45.97
Not Financial Advice just a concept trade for educational purposes only
Looking at the C Citigroup options chain ahead of earnings, I would buy the $47.5 strike price at the money Puts with
2023-3-17 expiration date for about
$3.05 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Short Citit to the 50MA around $55 (Blue Line)
Daily has become grossly overbought & these condtions can longer be sustianed, a typical chop with multiple rejections off the 2011 trend-line.
AMEX:XLF
CITIGROUP share will be dumped by -30.5% as the bank continues its woeful financial services through the City of London hub.
All banks with financial and operational exposure to the UK Financial Services Industry are going to be SHUT OUT by the end of 2025 from the EuroArea and EURO CLEARING FINANCIAL INFRASTRUCTURE AND CLEARING SYSTEMS.
CITY OF LONDON...
Financials like Citi have bounced sharply since mid-October. But now the move could be showing signs of fatigue.
The first pattern on today’s chart is the series of lower highs since November 11. Combined with the low around $47.40 on November 17, that could form a bearish descending triangle that prices are now threatening to break.
Next, consider the weekly...
hi
citi is my favorite bank to play. it is funny bank, when bankers can play how they want the money without any control, and then lost their job. I don't know what kind of procedure they got but it does not work ...
I think that this bank is manipulated a lot, lot of people - big fishes have got stocks in their pockets, bought roughly very cheap below 11 usd......
Hello dear Traders,
Here is my idea for #C
Price closed above yellow line (previous month high)
Price closed (15min Chart) above 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...
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 60%.
The most recent supply zone, the 50 EMA and the Fib .50 have all merged into one area. Earnings reported on Friday beat estimates, RSI is showing strong momentum, so I placed my target at $47.30 this week (10/17/22 to 10/21/22).
