Below the three stocks to watch for Wednesday's trading. Bank of America Corporation (BAC), Goldman Sachs Group Inc. (GS) & Citi group Inc (C).All 3 stocks some upside in coming days.
Bank of America Corporation (BAC) Bank of America Corp (BAC) is trading near $8.25 but stock has long term support area is $6.BAC will now have resistance at $8.90 which is recent high. Bank of America is new support area is $6 but this is low risk bank stock.This is my one top pick for 2011.
Goldman Sachs Group Inc. (GS)-Shares of Goldman Sachs Group (GS) is trading $115. Just want to hold $110s.But stock is long term buy here depend on market.Goldman Sachs next major resistance $120 followed by $125. Goldman Sachs is now a strong buy below $100.
Citi group Inc (C) - Share of Citigroup is trading just holding under $31 and stock is need to hold $26 level for going forward.Share of Citigroup Inc.(C) is next real resistance area is $31.97 which is last high.Citigroup has next big resistance will be over $36. If C has next support level near $26 which is good buying opportunity for long term. I think time to buy long term buy here because there is some bounce stock can go $33-$34 area.
Goldman Sachs Group Inc. (GS)-Shares of Goldman Sachs Group (GS) is trading $115. Just want to hold $110s.But stock is long term buy here depend on market.Goldman Sachs next major resistance $120 followed by $125. Goldman Sachs is now a strong buy below $100.
Citi group Inc (C) - Share of Citigroup is trading just holding under $31 and stock is need to hold $26 level for going forward.Share of Citigroup Inc.(C) is next real resistance area is $31.97 which is last high.Citigroup has next big resistance will be over $36. If C has next support level near $26 which is good buying opportunity for long term. I think time to buy long term buy here because there is some bounce stock can go $33-$34 area.
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