Stock Technical indicators to notice in CEPHALON (CP9.DE)
1- Last bearish trend was from 48.67 $ (5/4/2010) to 44.55 $ (8/10/2010) a 4.12 $ move 2- The current bullish trend started from 44.55 $ at 8/10/2010 and is currently trading at 45.25 $.
4- CP9.DE current resistance level is at 45.52 which is the 23.60 % fibonacci retracement of the last 4.12 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
CEPHALON (CP9.DE) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 48.670 and 53.090 that was broken up at 48.000 transforming into a supporting line.
CEPHALON (CP9.DE) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 53.090 and 62.000, and is currently resisting at 47.325.
CEPHALON (CP9.DE) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 53.090 and 62.000, and is currently resisting at 47.325.
Stock Trading Conclusion:
CEPHALON (CP9.DE) was trading in a bearish 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 : 45.52, 46.12, 46.61, 47.10, 47.32, 48.67, 49.79, 51.22.
Stock Support levels : 45.08, 44.98, 44.90, 44.82, 44.55,.