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Rant & Rave Blog

Citigroup Inc (NYSE:C) Stock Chart Shows Major Pattern

Posted by Gareth Soloway Tuesday, June 07, 2016, 03:50PM ET

Read 1350 times

Citigroup Inc (NYSE:C) has a classic head and shoulder pattern showing up on the daily. Remember, head and shoulder patterns are bearish in nature and foretell downside action.

 

Citigroup ($C) will break the neckline at $44.50. The calculated target fall takes the stock from down to $38.00, a 15% drop. Note the chart below. This also tells us that the financial sector may be in trouble in the next few weeks. Note the chart below and be ready for swing trade alerts to be given to Research Center members, click here to step inside for free and view every trade now!

 

 

Gareth Soloway

Chief Market Strategist

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