Thursday, May 19, 2011

Citigroup Inc C Technical Analysis 5/19/11

The following is Citigroup Inc (C) Technical analysis for May 19, 2011

Citi group Inc C Resistance, pivot & Support Levels - 05/19/2011

Resistance levels: $42.10, $41.81, $41.52

Pivot point: $41.26

Support levels: $40.97, $40.71, $40.42

Share of Citigroup is closed $41.23 which is down day and stock is trading 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.