Stock Technical indicators to notice in RR/AAB CT (1377N.PA)
1- Last bullish trend was from 7.23 $ (3/8/2012) to 8.09 $ (4/23/2012) a 0.86 $ move 2- The current bearish trend started from 8.09 $ at 4/23/2012 and is currently trading at 7.67 $.
4- 1377N.PA current resistance level is at 7.76 which is the 38.20 % fibonacci retracement of the last 0.86 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
RR/AAB CT (1377N.PA) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 7.230 .
RR/AAB CT (1377N.PA) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 8.120 and 8.770 that was broken up at 7.440 transforming into a supporting line.
RR/AAB CT (1377N.PA) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 8.120 and 9.600 that was broken up at 7.410 transforming into a supporting line.
Stock Trading Conclusion:
RR/AAB CT (1377N.PA) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 7.76, 7.77, 7.83, 7.88, 7.89, 7.93, 8.09,.
Stock Support levels : 7.66, 7.56, 7.35, 7.32, 7.29, 7.23, 7.10, 7.00, 6.70,.
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