Citigroup is Up for the 2nd Day in a Row

The Daily View for Citigroup

  • At the moment, C’s price is down $-0.02 (-0.03%) 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.
  • 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.

C

The Daily View for Citigroup

  • At the time of this writing, C’s price is up $1.18 (1.65%) from the day prior.
  • This is the 2nd day in a row Citigroup has seen its price head up.
  • As for the trend on the daily timeframe, we see the clearest trend 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.

C

Featured Citigroup Idea From TradingView

Below is a trading comment entitled Tesla : Last bull chance you may find interesting:

Tesla is showing signs of weakness. This increases the possibility that wave B has already ended at 720. Wave C would be a double three as the wave is not impulsive, correct label is Y but i’m leaving it at C until confirmed. Look for 600 as the next possible turning point. If this breaks and price stays below, it would give a very high possibility that the downtrend has returned.

jdemunter