Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for August 27, 2009Citigroup Inc (C:NYSE) Support & Resistance Levels - 8/27/09
Resistance Levels: $4.90, $5.00, $5.06, $5.37, $5.60, $6.50
Support Levels: $4.75, $4.64, $4.58
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Citigroup finally pullback Wednesday but investors and traders are jumping back into the stock today. There is major resistance between $4.90-$5.00. A close over $5 would be huge and I think the stock could run up to Jan 12, 2009 low of $5.37. After $5.37, $5.60 would be the next resistance and then nothing major until $6.50. I plan to buy all major pullbacks to the 10 day moving average or lower. Once Citigroup closes back over $5, the stock becomes marginable which could also provide a lift. For more Technical Analysis - Go Here
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