Stock Technical indicators to notice in REMY COINTREAU (RMC.F)
1- Last bearish trend was from 81.44 $ (4/19/2012) to 78.23 $ (4/24/2012) a 3.21 $ move 2- The current bullish trend started from 78.23 $ at 4/24/2012 and is currently trading at 83.37 $.
4- RMC.F current resistance level is at 83.42 which is the 161.80 % fibonacci retracement of the last 3.21 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
REMY COINTREAU (RMC.F) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 78.230 and 74.950, and is currently supporting at 80.854.
REMY COINTREAU (RMC.F) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 60.680 and 63.960 that was broken up at 58.640 transforming into a supporting line.
REMY COINTREAU (RMC.F) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 63.960 that failed, and formed a support .
Stock Trading Conclusion:
REMY COINTREAU (RMC.F) was trading in a strong bullish wave, which is becoming weaker .
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 : 83.42.
Stock Support levels : 82.31, 82.16, 81.44, 81.41, 80.85, 80.80, 80.21, 80.19, 79.84, 79.46, 78.99, 78.23, 65.31,.
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