Tag: Citigroup Inc.

Citigroup Inc. Stock Code C.NYS

Outlook

Price managed to stay above the cloud during a price correction, keeping the uptrend intact. This is also a strong support zone with the upper edge of the cloud and both Conversion and Base lines providing support. Conversion line and Base line remain in a bullish crossover and is hinting at a bullish price trend ahead. Lagging Span is below price of 26 days ago but is below the cloud at the moment.  MACD is bullish with both its line above the zero line. MACD is hinting at a bullish price trend. If price can stays above the cloud, it could be heading towards the previous resistance at $51.23 in the next 2-3 weeks.

Strategy                  

$47.25                Buy

$51.25                Price Target

$45.25                Risk Management Stop

3 weeks              Trade Duration

Citigroup Inc. Stock Code C.NYS

Outlook

Price broke above the cloud on 10 November and reached a high at $50.57. Price went into a correction after that high. During the correction, price was supported by the Conversion line and the cloud, keeping the uptrend intact. Conversion and Base lines had a bullish crossover earlier, hinting at a bullish price trend. Lagging Span is above price of 26 days ago but is inside the cloud. MACD is bullish with both lines above the zero line. We think price is likely to move higher to the previous price high at $53.92 in the next 2-3 weeks.

Strategy                  

$48.70                Buy

$53.90                Price Target

$45.70                Risk Management Stop

3 weeks              Trade Duration