Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for August 24, 2009Citigroup Inc (C:NYSE) Support & Resistance Levels - 8/24/09
Resistance Levels: $4.86, $5, 5.25
Support Levels: $4.62, $4.58, 4.48, $4.24
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Citigroup Inc (C:NYSE) stock broke closed over an important resistance level of $4.48 on Friday. The stock has also closed two straight days over the 200 day moving average which is extremely bullish! I plan to buy any pullbacks to $4.48 and the 200 day moving average. On the upside, the high from Friday of $4.86 becomes a resistance level as does $5. As soon as $5 is closed over, big funds are allowed to get back into the stock which could provide another spike.
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