Stock Technical indicators to notice in CKORAMAA CEM (CKORACEM.BO)
1- Last bullish trend was from 13.25 $ (4/24/2012) to 13.80 $ (4/26/2012) a 0.55 $ move 2- The current bearish trend started from 13.80 $ at 4/26/2012 and is currently trading at 13.04 $.
4- CKORACEM.BO current resistance level is at 13.10 which is the 127.20 % fibonacci retracement of the last 0.55 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
CKORAMAA CEM (CKORACEM.BO) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 13.800 and 15.500, and is currently resisting at 13.233.
CKORAMAA CEM (CKORACEM.BO) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Top Pattern at 15.500 .
CKORAMAA CEM (CKORACEM.BO) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bearish stock channel identifed by support at 14.000 and 15.150,resistance between 15.500 and 16.650, the stock channel is currently supported from below by 12.426 and resisted from above by 14.405.
Stock Trading Conclusion:
CKORAMAA CEM (CKORACEM.BO) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 13.10, 13.22, 13.23, 13.25, 13.33, 13.42, 13.46, 13.51, 13.52, 13.59, 13.67, 13.80, 15.50,.
Stock Support levels : 12.91.
