Stock Technical indicators to notice in CORSIE GROUP (GB00B10QD502.L)
1- Last bullish trend was from 15.10 $ (11/14/2007) to 16.00 $ (11/15/2007) a 0.90 $ move 2- The current bearish trend started from 16.00 $ at 11/15/2007 and is currently trading at 15.00 $.
4- GB00B10QD502.L current resistance level is at 15.10 which is the 100.00 % fibonacci retracement of the last 0.90 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
CORSIE GROUP (GB00B10QD502.L) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 16.000 and 20.000 that was broken up at 15.000 transforming into a supporting line.
CORSIE GROUP (GB00B10QD502.L) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 17.500 and 16.600 that was broken down at 18.750 transforming into a resistance line.
CORSIE GROUP (GB00B10QD502.L) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 16.600 and 16.000 that was broken down at 18.750 transforming into a resistance line.
Stock Trading Conclusion:
CORSIE GROUP (GB00B10QD502.L) was trading in a strong bearish wave, which is becoming stronger .
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 : 15.10, 15.24, 15.38, 15.44, 15.50, 15.55, 15.62, 15.66, 15.79, 16.00, 19.90, 20.80, 20.80.
Stock Support levels : 14.86, 14.54,.