Stock Technical indicators to notice in CEPHALON (CP9.MU)
1- Last bullish trend was from 53.88 $ (8/8/2011) to 60.79 $ (10/4/2011) a 6.91 $ move 2- The current bearish trend started from 60.79 $ at 10/4/2011 and is currently trading at 59.21 $.
4- CP9.MU current resistance level is at 60.79 which is the 0.00 % fibonacci retracement of the last 6.91 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
CEPHALON (CP9.MU) Short term stock chart patterns for internet stock trading :
CEPHALON (CP9.MU) Mid term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 51.400 and 39.010 that was broken down at 55.990 transforming into a resistance line.
CEPHALON (CP9.MU) Long term stock chart patterns for internet stock trading :
7- The Stock traded in a bearish stock channel identifed by support at 39.010 and 43.380,resistance between 49.520 and 53.630 which was broken up at 55.100.
Stock Trading Conclusion:
CEPHALON (CP9.MU) was trading in a 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 : 59.58, 59.81, 60.00, 60.19, 60.79, 106.93.
Stock Support levels : 59.16, 58.15, 57.33, 56.52, 53.88, 52.00, 49.61,.