Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for December 15, 2009Citigroup Inc (C:NYSE) Support & Resistance Levels - 12/15/09
Resistance Levels: $3.80, $4.00, $4.12, $4.226, $4.31
Support Levels: $3.62, $3.57, $3.30
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Citigroup Inc (NYSE:C) gapped down below the $3.80 support level and tested the 200 day moving average on Monday. This level must hold on a closing basis or things will get even more rocky. The good news is that the stock is approaching oversold territory so a deadcat bounce could arrive at any time. At this point, I will not be a buyer of Citigroup until it closes back over the $4.00 resistance level.
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