July 5, 2017
Six Months Stock Performance
Citigroup Inc and Its First Half of 2017 Stock Price Performance
Picture worth a thousand words.
We see the price action breakout five months resistance. Wow! It must be a strong strong resistance. Within a month the price jump 50% higher. See chart follow for details.
July 5, 2017 Citigroup First Half Stock Price Performance in 2017
C Citigroup Has Jumped Up 100% of the High
If the price action test retest the resistance, take the low to the resistance as 100%, you can predict the price could meet another high of 100%. Same same concept as bullish flag lah. Please back test yourself for your own stocks. Have fun!
July 5, 2017 Citigroup Inc 100% Breakout (BO) above the the Resistance
C Citigroup Inc Resistance Zone
Picture worth a thousand words.
July 5, 2017 Citigroup Inc Six Months 2017 and Support Resistance
C Citigroup Inc and MACD Signals and Channels
Picture worth a thousand words.
If we take six months as a milestone to measure. You could see the growth in 2017 is less as compare to 2016 second half. How do you tell? See the picture, as picture worth a thousand words. Connecting the low or high, copy and paste to the high if you connect the low. From the six months channel, you can easily tell the first half of 2017 was not has slopping up as 2016 second half. If you see the stock as a Titanic, the price turns will take some time.
All in all, the first half of 2017 is not as bullish as 2016 second half.
Use this technical to monitor the stock. Have fun!
July 5, 2017 Citigroup Inc and MACD Signals
Risk
If you can wait, remember professional likes to wait for retracement. This will minimize the risk, as your stop loss will be smaller. So, picture worth a thousand words. In this case study, if you wait for pullback, you will have a handson gain; you can enjoy a big move in short time. Waw!
Professional Try Not to Buy and Sell Higher!
Professional trade on retracement.
What if you thought you miss and you jump in. You may be ended up you can not sleep for a days. … As you might be buy high and expecting to sell higher.
Moses
AmiBrokerAcademy.com
Disclaimer
The above result is for illustration purpose. It is not meant to be used for buy or sell decision. We do not recommend any particular stocks. If particular stocks of such are mentioned, they are meant as demonstration of Amibroker as a powerful charting software and MACD. Amibroker can program to scan the stocks for buy and sell signals.
These are script generated signals. Not all scan results are shown here. The MACD signal should use with price action. Users must understand what MACD and price action are all about before using them. If necessary you should attend a course to learn more on Technical Analysis (TA) and Moving Average Convergence Divergence, MACD.
Once again, the website does not guarantee any results or investment return based on the information and instruction you have read here. It should be used as learning aids only and if you decide to trade real money, all trading decision should be your own.