Stock Technical indicators to notice in PC MALL (CVR.F)
1- Last bearish trend was from 4.65 $ (3/28/2012) to 4.39 $ (3/29/2012) a 0.26 $ move 2- The current bullish trend started from 4.39 $ at 3/29/2012 and is currently trading at 4.71 $.
4- CVR.F current resistance level is at 4.72 which is the 127.20 % fibonacci retracement of the last 0.26 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
PC MALL (CVR.F) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 4.650 that failed, and formed a support .
7- The Stock was supported by a support line, identified by two points: 4.390 and 4.090 that was broken down at 4.490 transforming into a resistance line.
PC MALL (CVR.F) Mid term stock chart patterns for internet stock trading :
None.
PC MALL (CVR.F) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 4.090 and 3.670, and is currently supporting at 4.283.
Stock Trading Conclusion:
PC MALL (CVR.F) was trading in a bullish wave, which is becoming stronger .
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 : 4.72, 4.81, 4.87.
Stock Support levels : 4.68, 4.65, 4.63, 4.59, 4.55, 4.55, 4.52, 4.51, 4.49, 4.45, 4.39,.
