Stock Technical indicators to notice in CRYO-SAVE GR (CRYO.L)
1- Last bearish trend was from 432.00 $ (6/22/2010) to 350.00 $ (6/25/2010) a 82.00 $ move 2- The current bullish trend started from 350.00 $ at 6/25/2010 and is currently trading at 420.00 $.
4- CRYO.L current resistance level is at 432.00 which is the 100.00 % fibonacci retracement of the last 82.00 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, 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.
CRYO-SAVE GR (CRYO.L) Short term stock chart patterns for internet stock trading :
None.
CRYO-SAVE GR (CRYO.L) Mid term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 350.000 and 425.500,resistance between 456.830 and 500.000 which was broken up at 420.000 in higher than usual volume.
CRYO-SAVE GR (CRYO.L) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 500.000 and 535.000 that was broken up at 453.870 transforming into a supporting line.
Stock Trading Conclusion:
CRYO-SAVE GR (CRYO.L) was trading in a strong bearish 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 : 432.00, 454.30, 482.68.
Stock Support levels : 403.48, 400.68, 399.92, 393.26, 391.00, 385.00, 381.32, 376.74, 369.35, 350.00,.
