Saturday, February 27, 2010

Technical Analysis on Citigroup


Citigroup ST: turning up

Our pivot point stands at 3.1.
Our preference: As long as 3.1 is not broken down, we favour an upmove with 3.8 and then 4.35 as next targets.
Alternative scenario: Only the downside breakout of 3.1 will invalidate our bullish scenario. In this case, a decline should shape towards 2.53 at first, and then 2.06.
Comment: The daily indicators are turning up and are calling for a re-test of the 4.35 area.
Trend: ST limited rise; MT bullish.
Supports and resistances:

5.4 **
4.35 **
3.8 ***
3.45 last
3.1 ***
2.53 *
2.06 *





1 comment:

  1. Wah...So accurate...High Accuracy...

    ReplyDelete