The following is a little Citigroup ( C ) stock technical analysis for April 2, 2009.Citigroup Support & Resistance Levels - 4/2/09
Resistance Levels: $2.73, $3.00, $3.35, $3.89
Support Levels: $2.40, $2.20
Citigroup has closed under both the 10 & 50 day moving averages for the 4th straight day. A close back above these two levels $2.70, $2.73 would be very bullish from a technical point of view. I am waiting for Citi stock to break back above $3 before for I buy however.
On the downside, Citigroup has solid support around $2.40. I've noticed buyers lining up in droves at this level. Keep an eye on volume, the next major move will be tipped off by heavy volume. For More Technical Analysis - Go Here
On the downside, Citigroup has solid support around $2.40. I've noticed buyers lining up in droves at this level. Keep an eye on volume, the next major move will be tipped off by heavy volume. For More Technical Analysis - Go Here
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