CITIGROUP With the p/e about 10 and filling the GAP I think the harmonic crab pattern going to be happen.
TRVC trade ideas
$C Citigroup Inc - Bull Flag, Huge Call Volume$C Citigroup Inc - Possible bull flag breakout today.
Bullish Unusual Options Activity
$776M of 2021 expiration calls traded today (majority Jun)
$698M of 2022 expiration calls traded today (majority Jan)
$166M of 2023 expiration calls traded today (Jan)
Over $1.6 BILLION of Citigroup calls traded today after they reported a solid earnings beat earlier this month. One or multiple large funds are obviously very bullish on this name.
Near term price target: $82 by 2nd half of May
Note: This is NOT investment advice. Educational only.
Traditional|C|Long and shortLong and short C
Activation of the transaction only when the blue zone is fixed/broken.
The author recommends the use of anchoring fixed the blue zone, this variation is less risky.
If there is increased volatility in the market and the price is held for more than 2-3 minutes behind the activation zone after the breakdown, then the activation of the idea occurs at the prices behind the activation zone.
Working out the support and resistance levels of the consolidation zone.
* Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author.
+ ! - zone highlighted by the ellipse is a zone of increased resistance, in this area there is a possible reversal for a correction, please take this factor into account in this transaction.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
The breakdown of the upper blue zone - long.
Breakdown of the lower blue zone - short.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Blue zones - activation zones.
Green zone - take zone.
Red zone - stop zone.
Orange arrows indicate the direction of the take.
Red arrows indicate the direction of the stop.
Priority - The value of the priority parameter implies the author's subjective opinion about the more likely activation zone on this idea, this does not mean that this idea will be 80% activated by this parameter, the purpose of the parameter is to provide for the risk of the inverse of the zone parameter.
Example: "Priority Long: So the author inclines more in the direction of the activation zone open long trades, in this case, when reaching the activation zone in short you should be very careful, because this area may be highly likely to be punched about the breakdown/do not get to take/activate transaction from go to stop."
Please consider this parameter if you use my ideas.
SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take.
P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
CitiGroup in a holding patternAfter reviewing the recent earnings release as it looks like they're planning to do some restructuring and reduce its retail banking markets internationally, the markets have responded in kind - by dumping the stock price. It will be good to hold until the next earnings release and the prices has been range bound since March. Earning estimates have dropped and with good reason. Hold Rating.
Short BanksBanks are going to start needing to raise capital (or the Fed will raise capital requirements) to cover projected losses as the size of bad loans gets bigger. This will come from the growing size of corporate loans (public and private) as well as the growing size of bad mortgages in aggregate. Additional risk will come from over-leveraged funds and individuals who tank their accounts...as interest rates rise, the faster banks will make margin calls and break their clients. If clients have negative balances, the banks end up losing money on the margin loans. See recent events i.e. Archegos.
Citigroups "Massive Potential"Citigroup took a massive hit in the 2008 housing crash and never quite recovered. The investment bank is currently the largest position in Michael Burry's portfolio. The current hesitancy in tech stocks and the speculation over a "tech bubble" are causing a resurgence in value stocks and longer-term plays. Citigroup has been in a bullish trend since the crash and is only showing more signs of a pump. The fib levels are showing a possible run-up to 900$, but I will be taking profits at all of the levels marked, halving my position sizer at each. A stop-loss at 41.5$ would assure that you don't get caught up in any lower lows, as long as we stay in the bullish trend by making higher lows this position is safe.
resistance turning into support soon? huge resistance area here for C ! you can see how in 2018 and 2019 it got dumped lower every-time we hit this area. but like I've said resistance can easily turn into support. So if it breaks 73 look for a strong move to 80 in the next couple months. part of the sector rotation plays sector we saw run while tech stocks took a dump. but it looks like tech stocks are back this week! still a good long but big money might be more concentrated on tech in the short term. either way goodluck
Citigroup breaking out of the cup and handle patternNYSE:C is breaking out of the cup and handle pattern and holding up on the neckline. Stock is now targeting 80.84$, stop level at 64$.
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This is only my own view and not financial advice, do your own analysis before buying or selling
Happy Trading!
Citigroup LongHi all,
I noticed looking at a few filters on my screener that there was some high dividend yielding companies all showing good benjamin graham numbers. It was immediately obvious to me that the vast bulk of them were in the financial sector, with the narrative of most of the worlds developed populations life changed by huge degrees and the flow of money slowed for most that lending would in turn go down. I got in at $45.31 in onctober and have bought in every other month since. current total position is sitting at +22%.
My initial investment was going to be long term (10Y) but I will re-evaluate if/when we reach the top of the window shown on the chart.
