Stock Technical indicators to notice in Cogent (COGT)
1- Last bearish trend was from 9.65 $ (8/9/2010) to 8.50 $ (8/13/2010) a 1.15 $ move 2- The current bullish trend started from 8.50 $ at 8/13/2010 and is currently trading at 11.00 $.
Cogent (COGT) Short term stock chart patterns for internet stock trading :
None.
Cogent (COGT) Mid term stock chart patterns for internet stock trading :
None.
Cogent (COGT) Long term stock chart patterns for internet stock trading :
4- The Stock was resisted by a resistance line, identified by two points: 9.650 and 11.290 that was broken up at 11.090 transforming into a supporting line.
Stock Trading Conclusion:
Cogent (COGT) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : .
Stock Support levels : 10.41, 10.05, 9.75, 9.46, 9.45,.