Thursday, July 17, 2014

amazing - c

While I'm looking at big stocks, here's one I stumbled on yesterday.

CitiBank happens to be well positioned for a sharp move. A flat bottom (see previous additions), and pushing up against the upper limit of that flat bottom. C should rally sharply to 200. Then it'll make a top.

On the weekly chart ... a flat bottom ... the hint of the possibility of a price around 47, but, overall, headed up, and a confirmation of the message in the monthly chart.

Even the most expert investors don't put all their money in one stock. This should be at most one of ten stocks you own. It's a completely arbitrary number, but why not play it safe. Besides, C is a nasty company, and you might get punished for your greed, investing in it, though, it is also an important company, so you might get rewarded for supporting its dirty work. It's hard to find a pure play in life. Besides, C isn't the best play in the entire stock universe ... but it's pretty good.
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