Thursday, April 29, 2010

Citigroup Inc, ( C ) right on key support

Citigroup Inc, ( C ) chart analysis ;
1) Citi is again testing its 200 days exp moving average
2) Quick reminder ; its 50 days exp MA is still BELOW the 200 ....
3) Will support hold ?
4) Will Greece, Portugal, and now Spain be the key trigger to short ?
Trading plan ;
Short below $4.20
Go long right above $4.60 (Stop loss @ $4.50)

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