Below the three stocks to watch for Wednesday's trading. Bank of America Corporation (BAC), Goldman Sachs Group Inc. (GS) & Citi group Inc (C).I will keep watching for all 3 stocks today.
Bank of America Corporation (BAC)-Bank of America Corp (BAC) is closed $6.37 on Tuesday and stock has support area is $5.35.BAC will now have resistance at $6.85. Bank of America is new support area is $5s 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) are under $100 now.Goldman Sachs does not have any major resistance $100-$105. Goldman Sachs is now a strong buy below $100.Stock has some support area $80.
Citi group Inc (C) - Share of Citigroup 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 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 $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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