Send out Dec 17
Attached is Citibank Daily chart for those vested in this counter.
Seems to be touching the base trend line (Assuming this is the right trendline). Sitting on support at $3.44. If support broken, may have overshoot effect, taking the stock further downward.
Near term trend is definitely downward. New share offering at 3.10. I am not clear on the dilution effect on the share price. Will let you know once I get more information.
Please do your own charting and research before taking any position. Always have a stop. Play safe.
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