Stock Technical indicators to notice in CN RAILWAY CONS -H- (4FF.F)
1- Last bullish trend was from 0.55 $ (4/24/2012) to 0.60 $ (4/30/2012) a 0.05 $ move 2- The current bearish trend started from 0.60 $ at 4/30/2012 and is currently trading at 0.54 $.
4- 4FF.F current resistance level is at 0.55 which is the 100.00 % fibonacci retracement of the last 0.05 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
CN RAILWAY CONS -H- (4FF.F) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 0.550 and 0.530 that was broken down at 0.540 transforming into a resistance line.
CN RAILWAY CONS -H- (4FF.F) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 0.530 and 0.470 that was broken down at 0.570 transforming into a resistance line.
CN RAILWAY CONS -H- (4FF.F) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 0.240 $ height triangle.
Stock Trading Conclusion:
CN RAILWAY CONS -H- (4FF.F) was trading in a bearish wave, which is becoming weaker .
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 : 0.550, 0.554, 0.563, 0.569, 0.570, 0.570, 0.575, 0.577, 0.581, 0.588, 0.600, 0.667.
Stock Support levels : 0.536,.