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Saturday, September 8, 2012

Citigroup Inc C Technical Analysis September 8, 2012

The following is Citigroup Inc  (C) Technical analysis for September 10, 2012

Citi group Inc C  Resistance, pivot & Support Levels - 9/10/2012

Resistance levels: $33.59, $33.02, $32.54


Pivot point: $31.97


Support levels: $31.49, $30.92, $30.44



Share of Citigroup is trading over 9 day  moving average which is  bullish side now. Stock has short term support is $30 & $28.50 and  resistance level $34 area.Long term support area is $21.Share of Citigroup Inc.(C) is break out $35.99 which is now new resistance area. Citigroup has next big resistance will be over $32.30. 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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