Citigroup Inc. (NYSE:C) Stock Analysis - 3/1/11

By Tim - http://stockstobuy.org

The following is Citigroup Inc. ( C ) stock technical analysis for March 1, 2011

Citigroup Inc (NYSE:C) Support & Resistance Levels - 3/1/11

Resistance Levels: $4.83, $5.00

Support Levels: $4.54, $4.40

Chart - http://www.stockcharts.com/

Citigroup Inc. (C) closed right at the $4.57 low from last week which is very bearish for the short term. Citigroup Inc will have resistance on the upside located at $4.70 now. Citigroup will have support at $4.54 on Wednesday followed by $4.40. Since C stock is back below $4.60, I think you can start taking a long position here but save capital incase we see a test of $4.40. Citigroup should be able to hold the $4.40's and form a bottom.

Citigroup will continue to do well now that the Govenment has sold their stake in the company. The Govenment still owns Citigroup Inc warrants however. Also something to keep in mind, Citigroup can do a reverse split at anytime. The Citigroup board of directors has already approved this.

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