Stock Technical indicators to notice in CYPROTEX (CRX.L)
1- Last bearish trend was from 4.25 $ (1/31/2012) to 4.12 $ (2/2/2012) a 0.13 $ move 2- The current bullish trend started from 4.12 $ at 2/2/2012 and is currently trading at 4.25 $.
4- CRX.L current resistance level is at 4.29 which is the 127.20 % fibonacci retracement of the last 0.13 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
CYPROTEX (CRX.L) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 4.250 .
7- The Stock formed a 0.250 $ height triangle.
CYPROTEX (CRX.L) Mid term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 3.750 .
9- The Stock formed a 0.500 $ height triangle which was broken up at 3.900, target of the pattern is 4.400.
CYPROTEX (CRX.L) Long term stock chart patterns for internet stock trading :
10- The Stock formed Double Bottom Pattern at 3.750 .
11- The Stock formed a 0.750 $ height triangle which was broken up at 4.120, target of the pattern is 4.870.
Stock Trading Conclusion:
CYPROTEX (CRX.L) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .
Stock Resistance Levels : 4.29, 4.33, 4.40, 4.87.
Stock Support levels : 4.22, 4.20, 4.18, 4.17, 4.15, 4.12, 3.95, 3.75,.
