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- 2015 - Citigroup Stock Price Pattern to Watch
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C - Citigroup Stock Price Chart Alert Citi chart has potential Inverse Head & Shoulder Pattern |
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February 11, 2015:
While going through my charts of stocks I watch for my newsletters this morning,
I noticed that the chart for Citigroup had started to form a second
inverted head and shoulder pattern with the same neckline. This
pattern is very bullish, but ONLY if it completes. Right now, it
is simply something to keep an eye on.
According to "Head & Shoulders Bottom (Reversal) Pattern | Money Definitions" we will want to see volume increase significantly as the price breaks above the dashed red neckline to confirm this bullish pattern. Since buying shares in the $20s and selling those at $47.50 two years ago, I am back on "house money" for Citi in my newsletter "Explore Portfolio." Afer 5 years of going pretty much nowhere with high volatility while the S&P500 has doubled, it may be time to add again....  |
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Citigroup Stock Price Chart (Monthly) from 1991 through today
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| Note 1:
chart courtesy of http://stockcharts.com Note 2: Head & Shoulders Bottom (Reversal) Pattern | Money Definitions Learn the "Core and Explore"
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| Disclaimer: The information contained in this web site is not intended to constitute financial advice, and is not a recommendation or solicitation to buy, sell or hold any security. This blog is strictly informational and educational and is not to be construed as any kind of financial advice, investment advice or legal advice. Copyright © Kirk Lindstrom. Note: "CORE & Explore®" was coined by and is a registered trademark of Charles Schwab & Co., Inc. | ||