The following is a little Citigroup ( C ) stock technical analysis for April 14, 2009Citigroup Support & Resistance Levels - 4/14/09
Resistance Levels: $4.32, $5.00
Support Levels: $3.89, $3.60, $3.35
Citigroup is gapping over $4.00 in pre market and appears as though it will open over the $3.89 resistance. This level will now become support. If Citigroup can hold and remain over $4, I see the next resistance being tested at $4.32.
If $4.32 turns out to be no big deal, I think Citi can eventually get back up to $5.00 but this is where there will be a major battle. There will be a lot of sellers located at $5. The good news is, Mutual Funds can start buying the stock over $5 again. Things are getting interesting! For More Technical Analysis - Go Here
If $4.32 turns out to be no big deal, I think Citi can eventually get back up to $5.00 but this is where there will be a major battle. There will be a lot of sellers located at $5. The good news is, Mutual Funds can start buying the stock over $5 again. Things are getting interesting! For More Technical Analysis - Go Here
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