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Citigroup Inc (C) “On a long-term technical basis, the stock (C) is trading below its 200-day moving average which generally implies it is in a negative trend.
The stock has support at 50.65 and 46.49. If the stock breaks down through support at 50.65 then it will probably continue lower to 46.49. The stock has resistance at 64.07 and at 73.91. If the stock breaks up through resistance at 64.07 then it will probably continue higher to 73.91. The 200-day moving average is at 64.07. This will also act as resistance. However, the stock has broken out of its long-term downtrend according to the fibonacci fan, which is significant. If the stock can form new support above 50.65 look for a rally to previous highs. The stock is slightly overbought according to the Stochastic Indicator (66.00).”
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