Stock Technical indicators to notice in Citigroup Inc. (C)
1- Last bearish trend was from 31.59 $ (1/12/2012) to 28.21 $ (1/17/2012) a 3.38 $ move 2- The current bullish trend started from 28.21 $ at 1/17/2012 and is currently trading at 33.54 $.
4- C current resistance level is at 33.68 which is the 161.80 % fibonacci retracement of the last 3.38 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Citigroup Inc. (C) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 28.210 and 26.120, and is currently supporting at 30.474.
Citigroup Inc. (C) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 28.210 and 24.810, and is currently supporting at 30.666.
Citigroup Inc. (C) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 28.210 and 24.810, and is currently supporting at 30.666.
Stock Trading Conclusion:
Citigroup Inc. (C) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .
Stock Resistance Levels : 33.68.
Stock Support levels : 32.51, 32.28, 31.59, 31.50, 30.88, 30.67, 30.47, 30.30, 30.25, 29.90, 29.50, 29.01, 28.21,.
Related Stocks
| Ca Inc. |
| Cabela’s Inc |
| Cascade Corporation |
| Morgan Stanley China A Share Fund Inc. |
| Conagra Foods |