Stock Technical indicators to notice in CDC -A- (CIJA.DU)
1- Last bullish trend was from 1.48 $ (8/5/2010) to 1.53 $ (8/9/2010) a 0.05 $ move 2- The current bearish trend started from 1.53 $ at 8/9/2010 and is currently trading at 1.14 $.
CDC -A- (CIJA.DU) Short term stock chart patterns for internet stock trading :
4- The Stock was resisted by a resistance line, identified by two points: 1.530 and 1.550, and is currently resisting at 1.480.
CDC -A- (CIJA.DU) Mid term stock chart patterns for internet stock trading :
5- The Stock was resisted by a resistance line, identified by two points: 1.660 and 1.700, and is currently resisting at 1.576.
CDC -A- (CIJA.DU) Long term stock chart patterns for internet stock trading :
6- The Stock formed a 0.850 $ height triangle which was broken down at 1.520, target of the pattern is 0.670.
Stock Trading Conclusion:
CDC -A- (CIJA.DU) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 1.23, 1.29, 1.34, 1.38, 1.48, 1.53, 1.57, 1.58.
Stock Support levels : 0.67.
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