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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 implies it is in a negative trend. However, the stock has broken up through an important long-term resistance level at 40.04 suggesting the long-term down trend could be turning neutral. If this new level of support at 46.29 holds, look for a move higher to the next resistance level at 56.49.
The stock has support at 46.29 and 40.06. If the stock breaks down through support at 46.29 then it will probably continue lower to 40.06. The stock has resistance at 48.26 and at 56.49. If the stock breaks up through resistance at 48.26 then it will probably continue higher to 56.49. The 200-day moving average is at 68.69. This will also act as resistance. The stock is neutral according to the Stochastic Indicator (55.76).”
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