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Monday, March 26, 2012

Citigroup Inc C Technical Analysis - 3/26/12

The following is Citigroup Inc  (C) Technical analysis for March 26, 2012

Citi group Inc C  Resistance, pivot & Support Levels - 3/26/2012

Resistance levels: $38.19, $37.79, $37.46


Pivot point: $37.06


Support levels: $36.73, $36.33, $36.00



Share of Citigroup is trading over all  moving average which is bullish side now. Stock has short term support is $33.33 which is 50 day moving average and long term support area is $21.Share of Citigroup Inc.(C) is break out $38.40 which is now new resistance area. Citigroup has next big resistance will be over $43.03. If C  has next support level near $21 which is good buying opportunity  for long term.Long term  buy in low $20s because there is some bounce stock can go $42-$45 area for next 12 months.This is my one of the Top Pick for 2012.

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