Citigroup and Toyota Review

By: readtheticker | Fri, May 13, 2011
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In previous posts we reviewed Citigroup and Toyota. Both stocks did not have great price per time return (ie Gann Angle studies), we had them on 'watch' to see if they avoided the rocks! This is how they turned out.

Citigroup(C): The bulls just didnt even turn up, worse they gave up under the 200 SMA. RTT TrendPower confirmed that there were no serious mark up days, and RTT TrendStatus is just a mess, therefore no reason to get long. But we are watching this one for a snap back, maybe the bulls are waiting in ambush.

Toyota(TM): The Japanese quake created many supply chain issues for this company, as they come back on line, so did the bulls, this was confirmed by the nice performance of RTT TrendPower and RTT TrendStatus.

Do you concur, did you read volume acitivity correctly?

See previous Gann and Hurst studies on these companies here:

Barry Ritholtz goes long Citigroup - Update
Be greedy when others are fearful, Warren Buffett

The charts..


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Full Disclosure: I drive a Toyota Camery, and 'loving it!. No positions in either stocks.

 


 

readtheticker

Author: readtheticker

readtheticker
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We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online stock and index charts with commentary. We are not brokers, bankers, financial planners, hedge fund traders or investment advisors, we are private investors.

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