Today’s instrument is Citigroup Inc., one of the holdings of Warren Buffet, traded in the NYSE exchange under the ticker C.
When we look at the C chart, we can see that it has been in a downward trend in the past months, currently traded at around $44.
Today it is announcing its quarterly earnings and if the market’s anticipation is positive, then we could expect it to rise towards its resistance level at around $48 otherwise it should fall towards its support level at around $43.50 which is also its 52W low.
(Click on image to enlarge)
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