Stock Technical indicators to notice in VK/CGMD TP 08 (1477C.PA)
1- Last bullish trend was from 1.39 $ (11/3/2011) to 1.61 $ (11/22/2011) a 0.22 $ move 2- The current bearish trend started from 1.61 $ at 11/22/2011 and is currently trading at 1.46 $.
4- 1477C.PA current resistance level is at 1.47 which is the 61.80 % fibonacci retracement of the last 0.22 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
VK/CGMD TP 08 (1477C.PA) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 1.390 and 1.310 that was broken down at 1.600 transforming into a resistance line.
VK/CGMD TP 08 (1477C.PA) Mid term stock chart patterns for internet stock trading :
None.
VK/CGMD TP 08 (1477C.PA) Long term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 1.270 and 1.240, and is currently supporting at 1.297.
Stock Trading Conclusion:
VK/CGMD TP 08 (1477C.PA) was trading in a bearish 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 : 1.47, 1.50, 1.50, 1.52, 1.53, 1.54, 1.55, 1.56, 1.61, 1.74.
Stock Support levels : 1.39, 1.33, 1.30,.