Stock Technical indicators to notice in CERAGON NETWORKS (GGN.F)
1- Last bearish trend was from 7.76 $ (4/4/2012) to 6.74 $ (4/30/2012) a 1.02 $ move 2- The current bullish trend started from 6.74 $ at 4/30/2012 and is currently trading at 6.86 $.
4- GGN.F current resistance level is at 6.98 which is the 23.60 % fibonacci retracement of the last 1.02 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
CERAGON NETWORKS (GGN.F) Short term stock chart patterns for internet stock trading :
None.
CERAGON NETWORKS (GGN.F) Mid term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 6.780 and 6.430 that was broken down at 7.050 transforming into a resistance line.
CERAGON NETWORKS (GGN.F) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 6.430 and 6.000 that was broken down at 6.890 transforming into a resistance line.
Stock Trading Conclusion:
CERAGON NETWORKS (GGN.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 : 6.98, 7.10, 7.13, 7.25, 7.34, 7.37, 7.76, 8.04, 8.39.
Stock Support levels : 6.83, 6.81, 6.80, 6.79, 6.74,.
Related Stocks
| GOLDEN GOOSE |
| GEN GROWTH PROP |
| GOOGLE-A |
| GARTNER |
| GRAMERCY CAPITAL |