Stock Technical indicators to notice in CEMENTOS PORTLAND V (CPL.MC)
1- Last bullish trend was from 6.45 $ (3/19/2012) to 7.11 $ (3/21/2012) a 0.66 $ move 2- The current bearish trend started from 7.11 $ at 3/21/2012 and is currently trading at 6.87 $.
4- CPL.MC current resistance level is at 6.95 which is the 23.60 % fibonacci retracement of the last 0.66 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
CEMENTOS PORTLAND V (CPL.MC) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 6.450 and 5.860 that was broken down at 6.870 transforming into a resistance line.
CEMENTOS PORTLAND V (CPL.MC) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 7.930 and 8.370, and is currently resisting at 7.525.
CEMENTOS PORTLAND V (CPL.MC) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 7.930 and 10.900 that was broken up at 6.830 transforming into a supporting line.
Stock Trading Conclusion:
CEMENTOS PORTLAND V (CPL.MC) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 6.89, 6.93, 6.95, 6.96, 6.99, 7.02, 7.11, 7.52.
Stock Support levels : 6.86, 6.78, 6.76, 6.70, 6.45, 6.27,.
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