Stock Technical indicators to notice in Carbon Sciences (CABN.OB)
1- Last bearish trend was from 1.30 $ (5/7/2012) to 0.96 $ (5/8/2012) a 0.34 $ move 2- The current bullish trend started from 0.96 $ at 5/8/2012 and is currently trading at 1.14 $.
4- CABN.OB current resistance level is at 1.17 which is the 61.80 % fibonacci retracement of the last 0.34 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
Carbon Sciences (CABN.OB) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 1.300 and 1.330, and is currently resisting at 1.280.
Carbon Sciences (CABN.OB) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 1.350 and 1.400, and is currently resisting at 1.300.
Carbon Sciences (CABN.OB) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 1.400 and 1.460, and is currently resisting at 1.260.
Stock Trading Conclusion:
Carbon Sciences (CABN.OB) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 1.17, 1.26, 1.28, 1.30, 1.30, 1.39, 1.51.
Stock Support levels : 1.13, 1.10, 1.09, 1.07, 1.05, 1.04, 1.03, 0.96,.
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