In my personal opinion Citigroup Inc. is a wonderful investment for the time being.
The whole banking sector is performing very well and they are reporting wonderful profits.
Citigroup Inc. is doing the same thing as well as it keeps reporting strong profits and from the other side, the dividends are not bad at all $0.51 per share or 3.05%.
As we can see from the chart the price tested the lower part of a very strong support area.
By evaluating the previous Harmonic pattern the price bounced more then+10%.
So we can see the same scenario repeating again.
Target:
$73.73 to $74.60
Thank you and Good Luck!
The whole banking sector is performing very well and they are reporting wonderful profits.
Citigroup Inc. is doing the same thing as well as it keeps reporting strong profits and from the other side, the dividends are not bad at all $0.51 per share or 3.05%.
As we can see from the chart the price tested the lower part of a very strong support area.
By evaluating the previous Harmonic pattern the price bounced more then+10%.
So we can see the same scenario repeating again.
Target:
$73.73 to $74.60
Thank you and Good Luck!
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