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

CFD Trading – Citigroup & Boardcom

Citigroup Inc Stock Code C.NYS

Outlook

Price moved below the cloud yesterday. This could be the start of a downtrend. Conversion and Base lines had a bearish crossover confirming the downtrend. Lagging Span was below the cloud as well, reinforcing the bearish trend. MACD has started to turn bearish with both its lines below the zero line. Price also broke and closed below a trend line from 24th Dec 2018, connecting with the low of 3rd June. Price is likely to decline to the previous low of $60 which is also close to the Fibonacci 50% of the rally from 24th Dec 2018 to the high at $73.26.

Strategy

$65.80 Short Sell
$60.02 Price Target
$68.50 Risk Management Stop
3 weeks Trade Duration

Broadcom Inc. Stock Code AVGO.NAS

Outlook

Price dropped below the cloud yesterday, confirming the bearish trend. Both Conversion and Base lines had a bearish crossover last night as well, reinforcing the bearish trend. MACD has turned bearish with its slow line about to cross below the zero line. Lagging Span is below the cloud, confirming the bearish trend. The bearish trend could bring price lower to $239.07, according to the Ichimoku E projection

Strategy

$268.70 Short Sell
$239.10 Price Target
$285.30 Risk Management Stop
3 weeks Trade Duration

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