Citigroup - BUY

What's your opinion?

  • I agree it's a BUY

    Votes: 33 47.8%

  • I don't agree it's a SELL

    Votes: 28 40.6%

  • I don't agree it's Neutral

    Votes: 8 11.6%
  • Total voters
    69
J

JSSPMK

ImPO C is a BUY now, closing price $20.48, stop HAS to be below $18 & target is from $27-32+, holding period about 7-10 weeks.

I posted this tonight because of the way Daily chart looks, confirms bullish sentiment.

Best to all!


<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1958676>
 

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Quote from JSSPMK:

ImPO C is a BUY now, closing price $20.48, stop HAS to be below $18 & target is from $27-32+, holding period about 7-10 weeks.

I posted this tonight because of the way Daily chart looks, confirms bullish sentiment.

Best to all!


<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1958676>
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You are referring to the weekly I presume?
 
Hard one to call. Shorts have been hammering this baby for a long time now. Lowest level in more than 8 years.
 
Quote from ak15:

Hard one to call. Shorts have been hammering this baby for a long time now. Lowest it's been in more than 8 years.
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My opinion is 100% chart based, personally I don't trade stocks, this is more of an outlook on the way the chart looks, which may benefit a person bullish on C for other reasons, timing wise ImPO this is ripe for a retracement at least, looking at the daily chart momentum ought to be sufficient enough to prevent a touch of under $18 zone.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1958699>
 

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I agree on the short term, I see it as a buy.

However I see (saw?) the markets doing at least one more dip before a leg up. However Friday's action has me wondering.
 
Wait it out a little longer but this stock is a definite buy long term. They need to release some of their holding first. By all mean its a steal though below twenty, if your waiting long term.
 
i see what you are looking at but i think there are easier trades out there. your profit target is pretty lofty considering more strains are appearing with financials.
 
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