I made some profit from this counter before so i following it up closely to wait for the best timing to enter, What i learned recently is Citigroup is trying to increase the current quote from 4.5usd to higher value, this is to attract institution and fund manager to part some cash to them. There are many ways of doing so...you may able to think of all the possibilities ways.
Citygroup breakout from the down trend channel in last couple of days and form a triangle to indicate that it will try to test the 4.75USD resistance line this week. I think it may just a "touch and go" trend since companies report started again this week so in next coming 6wks will be very bumping...
October 06, 2009
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