Citi group Inc C Resistance, pivot & Support Levels - 05/12/2010Resistance levels: $4.37, $4.30, $4.23
Support levels:$4.10, $4.04, $3.97
Share of Citigroup Inc closed under all moving average which is very bearish.If stock closed over $4.40 that will bullish for upside.Stock closed key level $4.Going forward I am watching to go long $3.90 level for down side, I good buy here $3.90 if stock visit I will buy more. Next resistance area is $4.34 which is 9 day moving average. Down side stock could go $3.80 area depend on how SPX do next few days.Long run stock could be see double in $6-$8 , next 12 months.Jim Cramer and other analyst are recommending a BUY on Ctigroup stock with target price at $7.50.
Good Luck .. Trade Smart!
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