Browse Symbol Stacks: C: Citi_Daily_Fibs_June252015.jpg

Citi_Daily_Fibs_June252015.jpg

Time for a pullback in Citi. 

C hit its 1.272 fib projection target from its rally off the double bottom at the beginning of the year, to its swing high in March. 

Candlesticks and Slow Stochastic divergence give us a signal for a potential short-term double top. 

Target beneath is $54.05 for a 50% retracement of the C-leg up into strong prior support.

Comments

moneymiser21moneymiser21
UPDATE 7/16/15: Citi bottomed on July 8th at 52.77, so I was off by more than $1.25 on the target low. 
 
Since, Citi bounced hard, and is targeting its next 1.272 fib projection higher at 59.59 7/16/15
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