Be alerted when Mike posts an article
Apart from the convoluted fundamentals in Citigroup (C) -- with government ownership, sale and influence -- my technical work is telling me to get long. The chart pattern has the look a price structure that's on the verge of thrusting to the upside to enter a secondary powerful upleg off of the low at 3.63.
The optimal swing target is 4.20/22, and an outside target zone is 4.38-4.44 thereafter. Only a decline that breaks 3.89 will compromise the current bullish set-up.
Mike Paulenoff is author of www.MPTrader.com, a real-time diary of his technical analysis & trade alerts on ETFs for precious metals, energy, currencies, and an array of equity indices and sectors, including international markets, plus key ETF component stocks in sectors like technology, mining, and banking. Sign up for a Free 15-day Trial!
