2nd Feb 2012 – Pattern Study – Put your $$ in Citibank.

Ticker:

 

1. C

 

Topic:

 

1. Put your $$ in Citibank.

 

Lesson Learnt:

 

1. The price has penetrated the triangle formation and moving upward. It is also trying to penetrate the previous top resistance line.
2. 50MA and 10MA lines are about to do the gold-crossing.
3. All secondary indicators are shouting for entry.
4. Volume is encouraging even though it is not high.
5. If price brake above $32.00, it  will draw many buyers into the Citibank queue.

 

Intraday Chart

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Historical Chart