Saturday, May 21, 2011

Citigroup Inc C Technical Analysis

The following is Citigroup Inc (C) Technical analysis for May 23, 2011

Citi group Inc C Resistance, pivot & Support Levels - 05/23/2011

Resistance levels: $42.07, $41.84, $41.61

Pivot point: $41.39

Support levels: $41.16, $40.94, $40.71

Share of Citigroup was 1% down on friday.Share of Citigroup Inc.(C) is trading $44-$46 last few days. Citigroup will have resistance at the 200 day moving average now ($44.39).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 market get correction, stock is buy under $40.