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Saturday, October 29, 2011

Citigroup Inc C Technical Analysis - 10/29/11

The following is Citigroup Inc  (C) Technical analysis for October 31, 2011

Citi group Inc C  Resistance, pivot & Support Levels - 10/31/2011

Resistance levels: $35.79, $35.09, $334.62


Pivot point: $33.92


Support levels: $33.45, $32.75, $32.28



Share of Citigroup is trading over $34 which is bullish and stock is  nice rebound from  low 21s which is new support for going forward  and stock is need to hold $21.Share of Citigroup Inc.(C)is break out $31.97 which is now news support. Citigroup has next big resistance will be over $36. If C  has next support level near $21 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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