Stock Technical indicators to notice in CTRL CHINA GOLDFLDS (GGG.L)
1- Last bearish trend was from 18.44 $ (1/31/2012) to 16.50 $ (2/1/2012) a 1.94 $ move 2- The current bullish trend started from 16.50 $ at 2/1/2012 and is currently trading at 16.76 $.
4- GGG.L current resistance level is at 16.96 which is the 23.60 % fibonacci retracement of the last 1.94 $ 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.
CTRL CHINA GOLDFLDS (GGG.L) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 16.500 and 14.150 that was broken down at 16.760 transforming into a resistance line.
CTRL CHINA GOLDFLDS (GGG.L) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 14.150 and 10.750 that was broken down at 16.760 transforming into a resistance line.
CTRL CHINA GOLDFLDS (GGG.L) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 14.150 and 10.750 that was broken down at 16.760 transforming into a resistance line.
Stock Trading Conclusion:
CTRL CHINA GOLDFLDS (GGG.L) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 16.96, 17.13, 17.24, 17.44, 17.47, 17.70, 18.44, 18.97, 19.64.
Stock Support levels : 16.70, 16.66, 16.63, 16.60, 16.50,.
