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Citigroup $C Trading Report
Long Term Trading Plans for C
December 3, 2019, 12:45 am ET
The Technical Summary and Trading Plans for C help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this C Report.
C - (Long) Support Plan
The technical summary data tells us to buy C near 69.92 with an upside target of 75.78. This data also tells us to set a stop loss @ 69.66 to protect against excessive loss in case the stock begins to move against the trade. 69.92 is the first level of support below 74.52 , and by rule, any test of support is a buy signal. In this case, support 69.92 is being tested, a buy signal would exist.
C - (Short) Resistance Plan
The technical summary data is suggesting a short of C as it gets near 75.78 with a downside target of 69.92. We should have a stop loss in place at 76.04 though. 75.78 is the first level of resistance above 74.52, and by rule, any test of resistance is a short signal. In this case, if resistance 75.78 is being tested, a short signal would exist.