Citigroup Inc C stock technical analysis for May 24, 2010
Support & Resistance Levels - 5/24/10
Resistance levels: $4.09, $3.97, $3.86
Support levels:$3.58, $3.41, $3.30
Share of Citigroup Inc rebound from 6 months low on Friday and rebound from$3.53 which good buying opportunity.Stock still trading 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.Resistance level is $4 and support area is $3.53.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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