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Monday, October 8, 2012

Citigroup Inc C Technical Analysis October 8, 2012

The following is Citigroup Inc  (C) Technical analysis for October  8, 2012

Citi group Inc C  Resistance, pivot & Support Levels - 10/8/2012

Resistance levels: $36.03, $35.71, $35.24


Pivot point: $34.92


Support levels: $34.45, $34.13, $33.66



Share of Citigroup is trading under 9 day  moving average which is  bullish side now. Stock has short term support is $30 & $28.50 and  resistance level $35.75 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 $36. 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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