Stock Technical indicators to notice in THOMSON REUTERS (TOC.F)
1- Last bullish trend was from 21.05 $ (4/11/2012) to 23.08 $ (5/3/2012) a 2.03 $ move 2- The current bearish trend started from 23.08 $ at 5/3/2012 and is currently trading at 22.27 $.
4- TOC.F current resistance level is at 22.30 which is the 38.20 % fibonacci retracement of the last 2.03 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
THOMSON REUTERS (TOC.F) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 21.050 and 20.160, and is currently supporting at 21.428.
THOMSON REUTERS (TOC.F) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Top Pattern at 22.620 .
8- The Stock formed a 2.390 $ height triangle.
THOMSON REUTERS (TOC.F) Long term stock chart patterns for internet stock trading :
9- The Stock formed a 11.350 $ height triangle which was broken up at 21.570, target of the pattern is 32.920.
Stock Trading Conclusion:
THOMSON REUTERS (TOC.F) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 22.30, 22.46, 22.58, 22.60, 22.63, 22.65, 22.66, 22.67, 22.77, 23.08, 32.92.
Stock Support levels : 22.06, 21.83, 21.43, 21.05, 20.50, 19.99,.
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