Citigroup (C) at a make or break point
I nailed my previous call on the action in Citigroup earlier this month when I said that the stock would fall, in short order, down to $48-49 level.
Here was the chart I posted;
However, now the picture becomes a bit more clouded. One could say it could bounce here and retest $52. But if it doesn't it will head south to the $45/$46 level.
If I had to pllay it here, I would look for a shor-term bounce.
Here's the chart's analysis as it stands now: