Citigroup Inc. (NYSE:C) stock gaps and accumulates positive bias as price action begins turning the curve back north
Citigroup Inc. (NYSE:C) stock gaped at the open of normal market hours this morning which has since been refilled however Citi also managed to set a new higher high which has not particularly been the norm lately. Noteworthy is that Citi is indeed making a series of higher lows as positive bias is once again accumulating into shares. Whether Citi can break an ongoing trend of gaining for two days with descent on the third is unknown and will be realized one way or another tomorrow on Thursday.
Looking to the provided daily chart of Citi it is shown that since the standing 12-month high there have been seven instances of Citi gaining for two days then falling on the third, there are eight in fact if you account for the entire year of 2011. Nonetheless, there has not been a lot of positivity in regards to price action of Citi since January 18 so this is something. Additionally, on balance volume has edged out of consolidation and turning the curve back north – something it has largely been unable to do for this entire year.