Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for November 2, 2009Citigroup Inc (C:NYSE) Support & Resistance Levels - 11/2/09
Resistance Levels: $4.33, $4.58, $5.00
Support Levels: $4.00, $3.80, $3.57
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Citigroup Inc (C:NYSE) appears to have made a double bottom at $4 on Friday as old news of a potential 10 billion dollar write down failed to move the stock lower. An analyst even came on CNBC and said that if Citigroup was forced to make this write down, it would not effect the long term prospects and would basically be a non issue. $4.00 must hold here or else the stock faces another plunge into the $3.57-$3.80 range. I continue to watch the 10 & 50 day moving averages. We will see some strength in Citigroup when it closes back over the 10 day moving average ( currently $4.33 ) and should see the uptrend continue when Citi closes back over the 50 day moving average ( $4.58 ). For more Technical Analysis - Go Here
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