Stock Technical indicators to notice in CABLEVISION CPO (CABLECPO.MX)
1- Last bearish trend was from 29.00 $ (12/23/2011) to 27.00 $ (12/26/2011) a 2.00 $ move 2- The current bullish trend started from 27.00 $ at 12/26/2011 and is currently trading at 29.75 $.
4- CABLECPO.MX current resistance level is at 30.24 which is the 161.80 % fibonacci retracement of the last 2.00 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
CABLEVISION CPO (CABLECPO.MX) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 29.000 that failed, and formed a support .
7- The Stock was supported by a support line, identified by two points: 27.000 and 26.500 that was broken down at 29.750 transforming into a resistance line.
CABLEVISION CPO (CABLECPO.MX) Mid term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 29.000 that failed, and formed a support .
9- The Stock was supported by a support line, identified by two points: 27.000 and 26.500 that was broken down at 29.750 transforming into a resistance line.
CABLEVISION CPO (CABLECPO.MX) Long term stock chart patterns for internet stock trading :
10- The Stock formed Double Top Pattern at 29.000 that failed, and formed a support .
11- The Stock was supported by a support line, identified by two points: 26.000 and 25.500, and is currently supporting at 27.286.
Stock Trading Conclusion:
CABLEVISION CPO (CABLECPO.MX) was trading in a strong bullish 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 : 29.85, 30.24.
Stock Support levels : 29.54, 29.10, 29.00, 28.70, 28.38, 28.24, 28.05, 28.00, 27.76, 27.47, 27.29, 27.00,.
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