Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for October 22, 2009Citigroup Inc (C:NYSE) Support & Resistance Levels - 10/22/09
Resistance Levels: $4.63, $4.71, $4.80, $5.00
Support Levels: $4.41, $4.31, $4.15
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Citigroup Inc (C:NYSE) was down again on Wednesday after a downgrade on WFC took down the whole market late in the trading day. Citigroup appears to be holding the $4.40's well but a break below this level would take it to back to retest the $4.31 support level. As most of you know, I hold a small long position and will be looking to add when Citigroup closes back over the 10 day moving average ( currently $4.66 ) and a close above $5. Until then, it is important that Citigroup hold the two recent lows of $4.31 & $4.11 or the stock will probably retest the 200 day moving average. Things are looking a little rocky right now with the stock but I still have a price target of $8-$10 in the next 11 months. For more Technical Analysis - Go Here
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