Citigroup Inc C stock technical analysis for May 17, 2010
Support & Resistance Levels - 5/17/10
Resistance levels: $4.17, $4.10, $4.04
Support levels:$3.91, $3.84, $3.78
Share of Citigroup Inc closed under all moving average which is very bearish.Stock closed under $4 level which is bearish side, if stock go under $3.90 I will buy more for long side.I am watching now key resistance level $4.20.If stock closed over $4.40 that will bullish for upside.Next resistance area is $4.16 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.
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