Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for November 3, 2009Citigroup Inc (C:NYSE) Support & Resistance Levels - 11/3/09
Resistance Levels: $4.00, $4.11, $4.17, $4.30
Support Levels: $3.80, $3.57
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Citigroup Inc (C:NYSE) broke $4 on Monday and plunged down to the $3.80 support level. The good news? $3.80 held. Jim Cramer came on CNBC late in the day and said it feels like the Government is preparing to sell their stake in the company. In my opinion, this would be very bullish because it would signal confidence. $4.11 is now the new resistance level as well as the 10 day moving average located at $4.28. I plan to add to my long position when the stock closes back above the 50 day moving average ( $4.57 ). For more Technical Analysis - Go Here
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