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Wednesday, June 1, 2011

Citigroup Inc C Technical Analysis 6/1/11

The following is Citigroup Inc  (C) Technical analysis for June 01, 2011

Citi group Inc C  Resistance, pivot & Support Levels - 06/01/2011

Resistance levels: $42.40, $41.98, $41.56


Pivot point: $41.17


Support levels: $40.75, $40.36, $39.94



Share of Citigroup is another up day on Tuesday  and stock is keep  going down after company reversed split.Share of Citigroup Inc.(C) is next support area  which is $39. Citigroup will have resistance at the 200 day moving average now ($44.16).But real resistance will be over $44.Citigroup Inc will have support level now $40. If C  has next support level under $40 which is good buying opportunity  for long term. I think time to buy long term  buy stock so  if market get correction, stock is buy under $40. 

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