Citigroup Closed Yesterday Up 0.06%

The Daily View for Citigroup

  • At the time of this writing, C’s price is down $-0.35 (-0.48%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 day timeframes.
  • Regarding moving averages, it should first be noted that price has crossed the 100 day moving average, resulting in them so that price is now turning above it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Citigroup’s hourly price chart is shown below.

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The Daily View for Citigroup

  • At the moment, C’s price is up $0.04 (0.06%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Below is a daily price chart of Citigroup.

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Featured Citigroup Idea From TradingView

Below is a trading comment entitled A simple retracement or making a PRZ ? you may find interesting:

From which Retracement level will price make a reversal ? 0.618 is Golden ratio but do all reversals take place on 0.618 level? How can we choose a retracement level which more possibly triggers a reversal? Combination of Fibo Retracement with other types of Fibonacci like projection and extension can make a support zone instead of a single level. We call this support zone as “Price Reversal Zone ” or ” Potential Reversal zone” or just simply a PRZ. Having knowledge about Elliott wave counting and internal structure of each wave can help to make a more probable PRZ.I used TSLA Chart to demonstrate an exam…

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