Stock Technical indicators to notice in CROWN MEDIA HLDG-A (CVM.BE)
1- Last bearish trend was from 1.65 $ (3/30/2011) to 1.48 $ (4/4/2011) a 0.17 $ move 2- The current bullish trend started from 1.48 $ at 4/4/2011 and is currently trading at 1.58 $.
4- CVM.BE current resistance level is at 1.59 which is the 61.80 % fibonacci retracement of the last 0.17 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
CROWN MEDIA HLDG-A (CVM.BE) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 0.790 $ height triangle which was broken up at 1.590, target of the pattern is 2.380.
CROWN MEDIA HLDG-A (CVM.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 0.790 $ height triangle which was broken up at 1.590, target of the pattern is 2.380.
CROWN MEDIA HLDG-A (CVM.BE) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 1.650 and 2.100 that was broken up at 1.590 transforming into a supporting line.
Stock Trading Conclusion:
CROWN MEDIA HLDG-A (CVM.BE) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 1.59, 1.65, 1.70, 1.76, 2.38,.
Stock Support levels : 1.57, 1.56, 1.54, 1.54, 1.53, 1.52, 1.52, 1.48, 1.39,.
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