By Tim - http://stockstobuy.org
The following is Citigroup Inc. ( C ) stock technical analysis for August 6, 2010
Citigroup Inc (C:NYSE) Support & Resistance Levels - 8/6/10
Resistance Levels: $4.20, $4.27, $4.30, $4.35
Support Levels: $4.00, $3.90, $3.62
Support Levels: $4.00, $3.90, $3.62
Chart - http://www.stockcharts.com/
Citigroup Inc (NYSE:C) dropped below the 10 day moving average on Thursday which is bearish for the short term. Citigroup Inc will have support located at $4.00 followed by $3.90. If Citigroup drops closes below $3.90, I will look to start a new long position between $3.65-$3.80.
Citigroup has a new resistance level located at $4.20 followed by $4.27 & $4.30. If Citigroup stock breaks above $4.30, it would also send a buy signal. So as you can see, the stock is in no man's land and can go either way.
Citigroup has a new resistance level located at $4.20 followed by $4.27 & $4.30. If Citigroup stock breaks above $4.30, it would also send a buy signal. So as you can see, the stock is in no man's land and can go either way.
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