Citigroup Inc C

Short setup under 34.90.  Target 31

CitiGroup, Inc. (C)

Citigroup has found support around the $4.39 level.  But still showing signs of a downtrend.  Today's price action tends to favor the trend line resistance holding, so a retest of the 4.39 support should be expected.  Once the downtrend breaks I see a continuation of the bull trend from August 2010.  A bull-wedge formation

via StockCharts.com
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