Citigroup’s 4 Day Down Streak Comes to an End

The Daily View for Citigroup

  • At the moment, C’s price is down $-0.21 (-0.3%) from the day prior.
  • The daily chart shows that Citigroup has seen 3 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.
  • Most noteworthy in the world of moving averages on the daily chart is that the 50 day moving average has been crossed, 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.

C

The Daily View for Citigroup

  • At the time of this writing, C’s price is up $1.35 (1.93%) from the day prior.
  • Citigroup has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears.
  • 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