Strategy on shares of the company Citigroup

  • Dec 21 2016
  • by
  • Analyst AZA
Strategy  on shares of the company Citigroup

Earning strategy and analysis of trading in shares of Citigroup

All eyes are now glued to the news release from Citigroup, which is one of the largest financial institutions in the world, and most importantly, is a primary dealer of US Treasury securities. Today, the Group announced the early tender results for purchase of special offer of a series of securities outstanding. And it has done it much earlier than planned. The company announced it 2 December and already at 5, December, placed the announcement on the Luxembourg Stock Exchange. Share price of Citigroup for the third time is coming to its peak in recent days. Apparently investors, configured for bullish, have some insider information, and they are prepared to buy the shares. Going large long position, all sellers are in a deal, the price less and less does the rollback down. It's obvious sign that the market has a large buyer. The whole financial sector is on the rise. Citigroup is part of the Travelers, on which we used to do trade analysis and recommended buying the shares. Travelers Share price has reached its target, made a new high and is now headed for new heights. Citigroup's stock price is now also located at the border of its maximum. And there's no need to be a genius, to understand that you have to buy the stock until there is such a possibility. Later they can be sold at a profit of not less than 300 points.

The price is above a simple moving average 200 MA and 20 MA indicating bullish trend.
The MACD trend indicator is above zero level now, indicating bullish movement.

If the resistance level is broken you can use the following recommendation:
•    Chart timeframe: H4
•    The trade recommendation: Buy
•    The level of entry into long position: 61.00
•    The level of profit and close the position: 64.00 (300 pips)

Metal GOLD 
Possible bearish movement in the breakdown of the support level 1122.00

Forex currency pair GBPUSD
Possible bearish movement in the breakdown of the support level 1.2310

Forex currency pair USDCHF
Possible bullish movement in the breakout of the resistance level 1.0320

Forex currency pair USDJPY
Possible bullish movement in the breakout of the resistance level 118.20
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