Citigroup Enters Today Up 0.12%

The Daily View for Citigroup

  • Currently, C’s price is up $0.49 (0.68%) from the day prior.
  • The daily chart shows that Citigroup has seen 2 straight up days.
  • 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 20 day moving average, resulting in them with price now being above it. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

Citigroup’s hourly price chart is shown below.

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The Daily View for Citigroup

  • At the time of this writing, C’s price is up $0.09 (0.12%) 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 BITCOIN – Wave 2 In Progress – It’s A Long Road Ahead… you may find interesting:

The bigger they are, the harder they fall… This is in relation to expanding corrections.In my previous chart of the Dow Jones I outlined how expanding triangles help a market coil up for the next big move.In the case of Bitcoin it is very obvious what this means.For starters if you count the waves up since 2009, Wave 1 ended in 2017 which is similar to the Dow Jones.Believe it or not these markets do trend together in similar ways, but not exactly the same.Another thing to note is that corrections tend to correct to the area just below previous fourth wave, but not always immediately.In the case of the Dow Jones this still hasn’t happened, the same with Bitcoin .That doesn’t mean that impulsive waves within the first major impulsive wave need to do this, I am talking about the correction…

AriasWave