Stock Technical indicators to notice in Cadbury Schweppes (CSG)
1- Last bearish trend was from 46.61 $ (4/7/2008) to 43.86 $ (4/15/2008) a 2.75 $ move 2- The current bullish trend started from 43.86 $ at 4/15/2008 and is currently trading at 45.46 $.
4- CSG current resistance level is at 45.56 which is the 61.80 % fibonacci retracement of the last 2.75 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
Cadbury Schweppes (CSG) Short term stock chart patterns for internet stock trading :
None.
Cadbury Schweppes (CSG) Mid term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 47.050 and 52.790 that was broken up at 44.920 transforming into a supporting line.
Cadbury Schweppes (CSG) Long term stock chart patterns for internet stock trading :
7- The Stock formed a 17.000 $ height triangle which was broken down at 45.900 in higher than usual volume, target of the pattern is 28.900.
Stock Trading Conclusion:
Cadbury Schweppes (CSG) was trading in a bullish wave, which is becoming weaker .
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 : 45.56, 46.43, 46.54, 46.61, 47.36, 48.31.
Stock Support levels : 45.24, 45.08, 44.91, 44.85, 44.66, 44.51, 44.47, 44.26, 43.86, 40.56,.
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