The Hourly View for Citigroup
- At the moment, C’s price is up $0.1 (0.18%) from the hour prior.
- This is the 3rd hour in a row Citigroup has seen its price head up.
- Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
- The moving averages on the hourly 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.
Citigroup’s hourly price chart is shown below.
The Daily View for Citigroup
- Currently, C’s price is up $0.16 (0.29%) from the day prior.
- Citigroup has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
- If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
- Price action traders may also wish to note that we see a pin bar candlestick pattern on Citigroup. Given that we see an uptrend on the 10 and 5 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
- 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.
Below is a daily price chart of Citigroup.
Featured Citigroup Idea From TradingView
Below is a trading comment entitled AUDUSD-Monthly Term you may find interesting:
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— ICE-Forex
The post Citigroup Does it Again: Heads Up for the 4th Straight Day appeared first on CFDTrading.
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