Stock Technical indicators to notice in LAFARGE (CIL.HA)
1- Last bullish trend was from 28.10 $ (4/24/2012) to 30.48 $ (4/30/2012) a 2.38 $ move 2- The current bearish trend started from 30.48 $ at 4/30/2012 and is currently trading at 28.05 $.
4- CIL.HA current resistance level is at 28.10 which is the 100.00 % fibonacci retracement of the last 2.38 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
LAFARGE (CIL.HA) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 30.480 and 31.570, and is currently resisting at 29.935.
LAFARGE (CIL.HA) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 11.630 $ height triangle which was broken down at 28.050, target of the pattern is 16.420.
LAFARGE (CIL.HA) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bullish stock channel identifed by support at 25.070 and 24.000,resistance between 36.700 and 28.000 which was broken down at 33.710.
Stock Trading Conclusion:
LAFARGE (CIL.HA) 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 : 28.10, 28.38, 28.62, 28.98, 29.01, 29.26, 29.29, 29.55, 29.57, 29.92, 29.93, 30.48, 36.36.
Stock Support levels : 27.45, 26.63,.
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