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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 47.75. If the stock breaks down through support at 50.65 then it will probably continue lower to 47.75. The stock has resistance at 62.47 and at 80.77. If the stock breaks up through resistance at 62.47 then it will probably continue higher to 80.77. The 200-day moving average is at 63.81. 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 neutral according to the Stochastic Indicator (49.14).”
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