Citigroup Just Breached This Major Moving Average Level

The Daily View for Citigroup

  • Currently, C’s price is down $-0.41 (-0.56%) from the day prior.
  • This move is a reversal from the day prior, which saw price move up.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up 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

  • Currently, C’s price is down $-0.5 (-0.69%) from the day prior.
  • This is the 2nd day in a row Citigroup has seen its price head down.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • Most noteworthy in the world of moving averages on the daily chart is that the 20 day moving average has been crossed, so that price is now turning below it. 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 EURGBP POSSIBLE MONTHLY STRUCTURE OLHC (BUYS)[/b] you may find interesting:

Please support this idea with LIKE if you find it useful.. EURGBP POSSIBLE MONTHLY STRUCTURE OLHC (BUYS) Monthly Structure for EURGBP appears to be OLHC (open low high close) which means we are going in for long term monthly buys once price finds a strong support with dai…

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