Citigroup, Inc.Long
Citigroup Breakout: Eyeing the Cup & Handle Target!
Citigroup (C) has smashed through key resistance, lining up a bold Cup & Handle breakout.
Cup & Handle Target: The breakout pattern hints at a target near $97, offering a potential 43% upside. This move has momentum, with a clear path to reach its mark.
Ascending Trendline, Gap & Fibo Support: Riding an ascending trendline, C is backed by Fibonacci levels, with the 38.2% and 50% retracements aligning as support near $56 and $53, respectively. A recent gap around $70 adds intrigue, potentially acting as a magnet for a retest or signaling strong buying interest.
Volume & CCI: Volume’s got the breakout’s back, and the CCI is holding steady in bullish territory without looking overheated, showing room for this rally to keep climbing.
Bottom Line: With a Cup & Handle setup, Fibonacci support, and a strategically placed gap, Citigroup looks poised for an exciting journey upward. This chart’s got style, momentum, and plenty of upside potential.
Cup & Handle Target: The breakout pattern hints at a target near $97, offering a potential 43% upside. This move has momentum, with a clear path to reach its mark.
Ascending Trendline, Gap & Fibo Support: Riding an ascending trendline, C is backed by Fibonacci levels, with the 38.2% and 50% retracements aligning as support near $56 and $53, respectively. A recent gap around $70 adds intrigue, potentially acting as a magnet for a retest or signaling strong buying interest.
Volume & CCI: Volume’s got the breakout’s back, and the CCI is holding steady in bullish territory without looking overheated, showing room for this rally to keep climbing.
Bottom Line: With a Cup & Handle setup, Fibonacci support, and a strategically placed gap, Citigroup looks poised for an exciting journey upward. This chart’s got style, momentum, and plenty of upside potential.
Garry Black
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Garry Black
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.