CFD Trading – Honeywell & Citigroup Inc

Honeywell International Inc Stock Code HON.NYS

Outlook
Price moved below the cloud 2 days ago and price had closed below the cloud for those 2 days. Conversion and Base lines had a bearish crossover earlier, confirming the bearish trend. A small gap was also created during those 2 days, which is a sign of a bearish move. As long as price does not close this gap, price is likely to continue moving lower. MACD is bearish at the moment; both its lines are below the zero line.

Strategy
$160.70              Short Sell
$150.10              Price Target
$164.70              Risk Management Stop
3 weeks              Trade Duration

Citigroup Inc. Stock Code C.NYS

Outlook
Price moved above the cloud yesterday. Price had tried to move below the cloud a week ago but that move was halted by the cloud. Conversion and Base lines have not make a bullish crossover as yet but both lines are close by and could do so in the near future. That price decline from $70.81 to $64.83 was also just above the Fibonacci 62% of the rally before. Another bigger decline from the high of 72.98 to $60.74 also stopped at the Fibonacci correction point of 50% of the rally. Both of this could be a sign of a corrective decline being completed and price could to move higher. MACD is near to the zero line but could be about to turn bullish.

Strategy
$67.05                Buy
$72.90                Price Target
$64.75                Risk Management Stop
3 weeks              Trade Duration

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