Citigroup Inc C stock technical analysis for August 24, 2010
Support & Resistance Levels - 8/24/10
Resistance levels: $3.91, $3.85, $3.80
Support levels: $3.72, $3.69, $3.64
Share of Citigroup Inc is not break over $3.90 and stock closed in low of the day.Stock is trading under $3.80 which is bearish next key support level is $3.53 which long term support area.For bullish side stock should be stray over $4 area.I think near $3.60 is good long term buy.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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