Categories
Financials

Citigroup Inc ($C) : Watch for kumo breakout

Citigroup (C), has rallied from a low of $37 and has gap up in the last few days.

Currently, it is trading within the kumo and is in a trendless state.

A break above the kumo will give us a bullish confirmation.

We already has a weak bullish signal from its Tenkan sen – Kijun sen cross below the kumo.

Given the strength of its run over the one month, my bias is bullish and I think it will breakout of the kumo within the next 2 weeks.

 

By iam802

Trend trading with Ichimoku