Citigroup - $52 - only one support @ 39.3 - then freefall to $5

Discussion in 'Stocks' started by AfterLOS, Oct 29, 2014.

  1. Work in progress ......

    put it on monthly first and look at the trendline from 2009 low thru' June 2012 extended to meet Price exactly today. When that breaks the support shelf will cave in and once below 39.3 there is no meaningful support = freefall = fastest SHORT gain in history

    The support in question is the axis of the consolidation on the left that goes nicely thru' March 2012 peak. So they are pretty much one and same family. So my point is, once broken, the ride from 39.3 to 5 dollars a share will be quicker than lightning.
     
  2. "C" appears to be so weak, heck it could not even retrace up to 23.6% of the crash from 2007 top.

    Where its sits now on monthly its got a power emas forcing it down into like a crouching position like a millstone around its neck. Ascending triangle topline makes the pattern also a double-top setup
     
  3. "C" January top was tested and reversed at 88.3% exactly - my fav. ultimate # after 78.6% is taken out and almost all hope for a reversal is gone.

    On Daily nice channel that includes a right shoulder forming.

    I'm tempted to short @ 52.02 but will wait on this notion

    Next trading day will plug in SHORT @ 51.03 STOP = 52.85