Citigroup Inc C stock technical analysis for October 04, 2010
Support & Resistance Levels - 10/4/10
Resistance levels: $4.26, $4.20, $4.14
Support levels: $3.98, $3.88, $3.88
Share of Citigroup Inc is trading range $3.80 to $4 area last few weeks but stock break out $4 on Friday.Stock is trading over $3.80 which short term bullish is next key support level is $3.53 which long term support area.For bullish side stock should be stray over $4 area.But if stock break over $4.20 stock could go $4.30-$4.50 next level.I will buy more for long side.Resistance level is $4.20 and long term support area is $3.53 which I will buy that level.I will buy more $4.20 area for safer side.For long term investment stock is buy this level.Long run stock could be see double in $6-$8 , next 12 months.
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