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Saturday, October 3, 2009

Citigroup Inc C Stock 10/5/09 October 5 2009

Citigroup Stock Chart - The following is a little Citigroup Inc. ( C ) stock technical analysis for October 5, 2009

Citigroup Inc (C:NYSE) Support & Resistance Levels - 10/5/09

Resistance Levels: $4.56, $4.80 $4.84, $5.02

Support Levels: $4.30, $4.20


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Citigroup continues to close near the 10 day moving average despite a huge sell off early on Friday. The 10 day moving average will now become resistance on Monday but any pullback to the 50 day moving average will be met with heavy buying. Resistance is still clearly at $4.75-$4.80 and when I see Citigroup close over this zone, I will buy in a big way.


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