Ramki has been invited to speak at this important event in Mumbai, India, on 1st May, 2015

Apr 152010

Citigroup has been moving up quite steadily this year. Has it got more room on the upside? I think so. Take a look at the two charts here. The first chart is to illustrate how the stock has respected the Elliott wave patterns very well on its way down. IN the second chart of Citigroup, you will see some more interesting details. Wave R was equal to wave P. If we assume that wave S will travel the same distance, then the target becomes 5.95.

 Incidentally, that target will fall nicely at the resistance line too. However, if you are a fresh buyer,  it may be a good idea to wait for a dip to perhaps 4.40 as shown in the chart. Good luck. Ramki

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