The following is Citigroup Inc. ( C ) stock technical analysis for March 12, 2010
Citigroup Inc (C:NYSE) Support & Resistance Levels - 3/12/10
Resistance Levels: $4.20, $4.31, $4.60
Support Levels: $4.00, $3.76
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Citigroup Inc. (NYSE:C) closed above $4 today and is now nearing the resistance zone between $4.20 - $4.31. If Citigroup were to stall during this current run, this is the place where it would indeed stall. A lot of people bought the dip after Citigroup hit during the fall of 2009 and were deeply underwater. Expect some of those investors to take some profits. However, a close above $4.31 would be bullish and I think Citigroup would test $4.60.
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