Stock Technical indicators to notice in CWI REAL ESTATE (CW6.DU)
1- Last bearish trend was from 5.00 $ (10/28/2010) to 4.80 $ (11/1/2010) a 0.20 $ move 2- The current bullish trend started from 4.80 $ at 11/1/2010 and is currently trading at 5.00 $.
4- CW6.DU current resistance level is at 5.05 which is the 127.20 % fibonacci retracement of the last 0.20 $ move.
5- According to ADX Indicator, the trend is currently strong 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.
CWI REAL ESTATE (CW6.DU) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 4.800 and 4.500 that was broken down at 5.000 transforming into a resistance line.
CWI REAL ESTATE (CW6.DU) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Bottom Pattern at 4.500 .
8- The Stock formed Double Top Pattern at 4.800 that failed, and formed a support .
CWI REAL ESTATE (CW6.DU) Long term stock chart patterns for internet stock trading :
9- The Stock formed Double Bottom Pattern at 4.300 .
10- The Stock formed a 0.720 $ height triangle which was broken up at 4.800, target of the pattern is 5.520.
Stock Trading Conclusion:
CWI REAL ESTATE (CW6.DU) was trading in a strong 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 : 5.05, 5.12, 5.22, 5.52.
Stock Support levels : 4.95, 4.92, 4.90, 4.88, 4.85, 4.80, 4.50, 4.40,.
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