September 28, 2012

CITIGROUP Chart analysis

  • Citigroup bulls trying to hold above 20 Day SMA. Need price to break above the resistance line shown in first chart for a possible up move.
  • 2nd chart shows price unable to sustain above the weekly cloud. Bulls need a close above 35 levels for targeting the next resistance level at 38.4.
  • Day closing below 20 SMA should be negative for the coming week.

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