Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for October 7, 2009Citigroup Inc (C:NYSE) Support & Resistance Levels - 10/7/09
Resistance Levels: $4.80 $4.84, $4.99 $5.02
Support Levels: $4.58, $4.30, $4.25
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Citigroup Inc (C:NYSE) tested resistance at $4.80 on Tuesday but failed. This is a very important level in which Citigroup needs to hurdle in order for the recent rally to continue and gain momentum. If the rally stops here, it will look like a nasty head and shoulders pattern. I continue to like pullbacks to the 10 day moving average but if I get another chance at the 50 day moving average, I will back up the truck. Don't forget, earnings are due out in 10 days. For more Technical Analysis - Go Here
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