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Saturday, November 19, 2011

Citigroup Inc C Technical Analysis - 11/19/11

The following is Citigroup Inc  (C) Technical analysis for November 21, 2011

Citi group Inc C  Resistance, pivot & Support Levels - 11/21/2011

Resistance levels: $27.61, $27.16, $26.72


Pivot point: $26.27


Support levels: $25.83, $25.38, $24.94



Share of Citigroup is rebound on Friday but stock is trading under $30 which is short term bearish now. Stock has news  21s which is support for going forward  and stock is need to hold $21.Share of Citigroup Inc.(C)is break out $30 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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