Seems like XLF has been taking a brief dip. with a stochastic under 50% currently 44% I wanted to find a reasonable company that was near or at a support level on the daily, 4 hour, and 1 hour time frames. Citigroup seems like a good deal to me.
The rsi and the mac d both match on those three aforementioned time frames and I was waiting for some bullish candles to indicate a potential retracement to the upside which is why I used a fibonacci tool to retrace up to 61% of the previous high on the daily time frame. I will only purchase 1 share i case of a future crash and will be patient enough to wait a true discount.
What do you think?
The rsi and the mac d both match on those three aforementioned time frames and I was waiting for some bullish candles to indicate a potential retracement to the upside which is why I used a fibonacci tool to retrace up to 61% of the previous high on the daily time frame. I will only purchase 1 share i case of a future crash and will be patient enough to wait a true discount.
What do you think?
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.