Stock Technical indicators to notice in CREALOGIX HLDG N (CLXN.SW)
1- Last bearish trend was from 96.30 $ (3/29/2012) to 86.60 $ (4/4/2012) a 9.70 $ move 2- The current bullish trend started from 86.60 $ at 4/4/2012 and is currently trading at 89.20 $.
4- CLXN.SW current resistance level is at 90.31 which is the 38.20 % fibonacci retracement of the last 9.70 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
CREALOGIX HLDG N (CLXN.SW) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 96.300 and 99.000, and is currently resisting at 90.409.
CREALOGIX HLDG N (CLXN.SW) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Top Pattern at 99.850 .
8- The Stock formed a 7.250 $ height triangle which was broken down at 92.000 in higher than usual volume, target of the pattern is 84.750.
CREALOGIX HLDG N (CLXN.SW) Long term stock chart patterns for internet stock trading :
9- The Stock was supported by a support line, identified by two points: 100.000 and 96.100 that was broken down at 109.800 transforming into a resistance line.
Stock Trading Conclusion:
CREALOGIX HLDG N (CLXN.SW) was trading in a strong bearish wave, which is becoming weaker .
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 : 90.31, 90.41, 91.45, 92.59, 95.39, 96.30, 98.94, 98.94, 102.29, 196.85.
Stock Support levels : 88.89, 88.59, 88.21, 87.90, 87.59, 86.60,.
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