Stock Technical indicators to notice in CANADIAN ZINC CORP (CZICF.OB)
1- Last bearish trend was from 0.65 $ (1/27/2012) to 0.62 $ (1/30/2012) a 0.03 $ move 2- The current bullish trend started from 0.62 $ at 1/30/2012 and is currently trading at 0.66 $.
4- CZICF.OB current resistance level is at 0.67 which is the 161.80 % fibonacci retracement of the last 0.03 $ move.
5- According to ADX Indicator, the trend is currently bullish, 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.
6- Bearish Divergance in MACD Indicator .
CANADIAN ZINC CORP (CZICF.OB) Short term stock chart patterns for internet stock trading :
7- The Stock traded in a bullish stock channel identifed by support at 0.620 and 0.610,resistance between 0.650 and 0.640, the stock channel is currently supported from below by 0.630 and resisted from above by 0.662.
CANADIAN ZINC CORP (CZICF.OB) Mid term stock chart patterns for internet stock trading :
None.
CANADIAN ZINC CORP (CZICF.OB) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 0.690 and 0.750 that was broken up at 0.620 transforming into a supporting line.
Stock Trading Conclusion:
CANADIAN ZINC CORP (CZICF.OB) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 0.669.
Stock Support levels : 0.658, 0.651, 0.650, 0.645, 0.640, 0.639, 0.635, 0.635, 0.631, 0.627, 0.620, 0.610,.
