Citi group Inc C Resistance, pivot & Support Levels - 1/17/2012
Resistance levels: $32.32, $31.66, $31.20
Pivot point: $30.54
Support levels: $30.08, $29.42, $28.96
Share of Citigroup is trading over 9 day moving average which is bullish side now. Company will report earning Tuesday before market open. 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 short term resistance at 200 ema and next big resistance will be over $36.92. 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 $40 area for next 12 months.This is my one of the Top Pick for 2012.
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