Stock Technical indicators to notice in Coeur D’alene Mines Corporation (CDE)
1- Last bullish trend was from 24.10 $ (11/6/2012) to 26.07 $ (11/7/2012) a 1.97 $ move 2- The current bearish trend started from 26.07 $ at 11/7/2012 and is currently trading at 23.92 $.
4- CDE current resistance level is at 24.10 which is the 100.00 % fibonacci retracement of the last 1.97 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, 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.
Coeur D’alene Mines Corporation (CDE) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 26.070 and 31.860 that was broken up at 25.540 transforming into a supporting line.
Coeur D’alene Mines Corporation (CDE) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 16.500 $ height triangle which was broken up at 25.540, target of the pattern is 42.040 which was broken down at 23.920, target of the pattern is 7.420.
Coeur D’alene Mines Corporation (CDE) Long term stock chart patterns for internet stock trading :
Stock Trading Conclusion:
Coeur D’alene Mines Corporation (CDE) was trading in a strong bearish 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 : 24.10, 24.43, 24.56, 24.74, 24.85, 24.99, 25.08, 25.25, 25.32, 25.61, 26.07, 42.04.
Stock Support levels : 23.56, 22.88, 21.73,.
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