Wednesday, May 18, 2011

Citigroup Inc C Technical Analysis 5/18/11

The following is Citigroup Inc (C) Technical analysis for May 18, 2011

Citi group Inc C Resistance, pivot & Support Levels - 05/18/2011

Resistance levels: $42.31, $42.05, $41.39

Pivot point: $41.39

Support levels: $41.13, $40.73, $40.47

Share of Citigroup is closed $41 area which is lowest closed in last 6 month.Share of Citigroup Inc.(C) is trading $44-$46 last few days. Citigroup will have resistance at the 200 day moving average now ($44.45).Citigroup Inc will have support level now $40. If C has next support level under $40 which is good buying opportunity for long term. I think time to buy long term buy stock so if if market get correction, stock is buy under $40.