C Citigroup Daily Chart

C Citigroup daily chart shows the negative divergence smack down in mid January. Now price is posting lower lows and lower highs ever since. In the near term move, RSI and stochastics remain unhappy but the histogram and money flow would be a little more open to some price buoyancy. The case can be made with the recent action to project a couple of falling wedges that point to 4.3 for the bounce point.

A move to 4.3 also would allow the two gap fills above and 4.3 is also where the 200 MA will be in a few days. To further bolster a confluence at 4.3, this is the price point representing the lower rail of the ascending triangle on the long term chart. Thus, an educated guess would be a move to 4.3 then bounce then reassess C's next move. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.