C trade ideas
(D) If bullish momo continues and 45 remains near term supportthen, long entries near the bottom of the mild bullish channel could be decent as it glides towards 50.
RSI and MACD have room above before showing signs of exhaustion. Of course it may retest 45 or P pivot support before going higher.
Stalk your entry and follow your rules.
Citigroup - weekly repair of early 2016 drop.Just a specualtive idea : but looking at Bank stocks like Citigroup - it looks like many institutional investors were surprised by the sudden drop very early this year. Thus they might take this window of opportunity to drive price back up to at least the previous breakdown level ( just to get breakeven ). Therefore, a rise in Citigroup to approx. 50.00 USD area wouldn`t surprise me. Bullish with tight stops.
Citigroup fallingCitigroup has fallen out of a rising wedge and broken down past the short term support of 43. Next support is at 39.80. Most banking industry stocks did poorly today. This may be a beginning of a bear trend or a brief correction before further rising. If price falls bellow 39.80 with heavy volume bear trend is active.
