Stock Technical indicators to notice in COMPUTEC MEDIA (CMD.HM)
1- Last bullish trend was from 9.47 $ (4/10/2012) to 10.47 $ (4/25/2012) a 1.00 $ move 2- The current bearish trend started from 10.47 $ at 4/25/2012 and is currently trading at 9.47 $.
4- CMD.HM current resistance level is at 9.47 which is the 100.00 % fibonacci retracement of the last 1.00 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.
COMPUTEC MEDIA (CMD.HM) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 9.470 and 9.040 that was broken down at 9.840 transforming into a resistance line.
COMPUTEC MEDIA (CMD.HM) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 7.760 and 7.120, and is currently supporting at 9.291.
COMPUTEC MEDIA (CMD.HM) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 7.120 and 6.620, and is currently supporting at 8.000.
Stock Trading Conclusion:
COMPUTEC MEDIA (CMD.HM) was trading in a strong 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 : 9.71, 9.85, 9.97, 10.09, 10.12, 10.23, 10.47,.
Stock Support levels : 9.29, 9.20, 8.85,.
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