Stock Technical indicators to notice in Commerce Group (CGI)
1- Last bullish trend was from 14.47 $ (4/23/2012) to 16.40 $ (5/2/2012) a 1.93 $ move 2- The current bearish trend started from 16.40 $ at 5/2/2012 and is currently trading at 15.27 $.
4- CGI current resistance level is at 15.43 which is the 50.00 % fibonacci retracement of the last 1.93 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
Commerce Group (CGI) Short term stock chart patterns for internet stock trading :
None.
Commerce Group (CGI) Mid term stock chart patterns for internet stock trading :
6- The Stock is trading in a stock channel between 14.470 $ and 16.400 $.
Commerce Group (CGI) Long term stock chart patterns for internet stock trading :
7- The Stock traded in a bullish stock channel identifed by support at 14.470 and 9.230,resistance between 16.420 and 11.470, the stock channel is currently supported from below by 15.093 and resisted from above by 18.137.
Stock Trading Conclusion:
Commerce Group (CGI) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 15.43, 15.54, 15.66, 15.70, 15.84, 15.94, 15.97, 16.33, 16.40, 16.40,.
Stock Support levels : 15.21, 14.48, 14.47, 13.95,.
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