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Saturday, November 5, 2011

Citigroup Inc C Technical Analysis - 11/5/11

The following is Citigroup Inc  (C) Technical analysis for November 07, 2011

Citi group Inc C  Resistance, pivot & Support Levels - 11/7/2011

Resistance levels: $31.21, $30.90, $30.62


Pivot point: $30.31


Support levels: $30.03, $29.72, $29.44



Share of Citigroup is trading over $30 which is short term bearish now. 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 $34.40 which is now new resistance area. 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 in low $20s because there is some bounce stock can go $34-$36 area.

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