CFD Trading – Sell Citigroup Inc. (C.NYS) @ $51.30. Stop @ $53.95 and Target @ $46.60.

Citigroup Inc. Stock Code C.NYS

Outlook

Price tested the cloud but was unable to move above the cloud. In the previous trading session, we saw price move below the cloud, changing the chart outlook to bearish. Lagging Span is above price of 26 days ago but is below the cloud. MACD remains bullish but could be about to have a bearish crossover. We think price is likely to move lower to the next price low at $46.58 in the next 2-3 weeks.

Strategy 

$51.30                Sell

$46.60                Price Target

$53.95                Risk Management Stop

3 weeks              Trade Duration

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