Citigroup is likely done for good. After it dropped below the trend line during August, it did find support and bounce back. But imagine it found great resistance at that same trend line.
Yesterday it created a powerful reversal candle, a huge Gravestone Doji. Also, there is a huge possibility that if today gaps down, it would also represent an even stronger bearish reversal candle, an Abandoned Baby.
Oh boy, oh boy, this looks like C is done for a really long period of time and will revisit lows.
Also, the issue is, as this was made on huge volume, which confirms big boys did sell in this huge pump from yesterday, and they will likely continue to sell their stock.
Big red, aka 200 days MA, could be the first pause but could be only for days or so.
The chance for this not to drop hard is less than 20%
Yesterday it created a powerful reversal candle, a huge Gravestone Doji. Also, there is a huge possibility that if today gaps down, it would also represent an even stronger bearish reversal candle, an Abandoned Baby.
Oh boy, oh boy, this looks like C is done for a really long period of time and will revisit lows.
Also, the issue is, as this was made on huge volume, which confirms big boys did sell in this huge pump from yesterday, and they will likely continue to sell their stock.
Big red, aka 200 days MA, could be the first pause but could be only for days or so.
The chance for this not to drop hard is less than 20%
Ghi chú
Until we are in an uptrend and above this trend line C is fine. Although C is at major area of resistance we will see the next move.
Consistency is the key of success....
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Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Consistency is the key of success....
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.