Stock Technical indicators to notice in COSMO PHARMACEUTIC (COPN.SW)
1- Last bearish trend was from 23.25 $ (4/12/2012) to 22.30 $ (4/18/2012) a 0.95 $ move 2- The current bullish trend started from 22.30 $ at 4/18/2012 and is currently trading at 25.25 $.
COSMO PHARMACEUTIC (COPN.SW) Short term stock chart patterns for internet stock trading :
4- The Stock was supported by a support line, identified by two points: 22.300 and 21.500, and is currently supporting at 23.173.
COSMO PHARMACEUTIC (COPN.SW) Mid term stock chart patterns for internet stock trading :
5- The Stock was resisted by a resistance line, identified by two points: 18.050 and 18.300 that was broken up at 17.450 transforming into a supporting line.
COSMO PHARMACEUTIC (COPN.SW) Long term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 16.250 and 18.150,resistance between 20.050 and 21.600 which was broken up at 17.700.
Stock Trading Conclusion:
COSMO PHARMACEUTIC (COPN.SW) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : .
Stock Support levels : 24.55, 24.12, 23.77, 23.43, 23.17, 22.30, 21.55, 16.46,.
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