Cornerstone Strategic Value Fund (AMEX: CLM) (AMEX:CLM) Stock Research Trends Targets and Technical Analysis - AMEX American exchange [en]

Today we will analyze the stock Cornerstone Strategic Value Fund (CLM) for internet stock trading in the AMEX stock market,
Stock Technical indicators to notice in Cornerstone Strategic Value Fund (CLM)
1- Last bearish trend was from 12.20 $ (2/1/2010) to 9.48 $ (2/16/2010) a 2.72 $ move 2- The current bullish trend started from 9.48 $ at 2/16/2010 and is currently trading at 11.12 $. 3- CLM current support level is at 10.84 which is the 50.00 % fibonacci retracement of the last 2.72 $ move.
4- CLM current resistance level is at 11.16 which is the 61.80 % fibonacci retracement of the last 2.72 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Cornerstone Strategic Value Fund (CLM) Short term stock chart patterns for internet stock trading :

None.
Cornerstone Strategic Value Fund (CLM) Mid term stock chart patterns for internet stock trading :

None.
Cornerstone Strategic Value Fund (CLM) Long term stock chart patterns for internet stock trading :

6- The Stock was resisted by a resistance line, identified by two points: 12.200 and 12.670, and is currently resisting at 11.938.

Stock Trading Conclusion:
Cornerstone Strategic Value Fund (CLM) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 11.16, 11.94, 12.20, 12.94, 13.88.
Stock Support levels : 10.84, 10.73, 10.52, 10.49, 10.30, 10.12, 10.11, 9.48,.