Stock Technical indicators to notice in CITY UNION B (CITYUNIONBK.BO)
1- Last bullish trend was from 41.00 $ (1/23/2012) to 43.85 $ (1/27/2012) a 2.85 $ move 2- The current bearish trend started from 43.85 $ at 1/27/2012 and is currently trading at 42.75 $.
4- CITYUNIONBK.BO current resistance level is at 42.76 which is the 38.20 % fibonacci retracement of the last 2.85 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
CITY UNION B (CITYUNIONBK.BO) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 41.000 and 39.750, and is currently supporting at 41.365.
CITY UNION B (CITYUNIONBK.BO) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 46.200 and 47.550, and is currently resisting at 44.410.
CITY UNION B (CITYUNIONBK.BO) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 47.550 and 49.100 that was broken up at 43.400 transforming into a supporting line.
Stock Trading Conclusion:
CITY UNION B (CITYUNIONBK.BO) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , 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 : 42.76, 43.01, 43.17, 43.18, 43.30, 43.43, 43.85, 44.41.
Stock Support levels : 42.42, 42.21, 42.09, 41.36, 41.00, 40.22,.
