Stock Technical indicators to notice in FP/CGMD TP 09 (1764C.PA)
1- Last bullish trend was from 0.88 $ (12/4/2008) to 1.24 $ (12/5/2008) a 0.36 $ move 2- The current bearish trend started from 1.24 $ at 12/5/2008 and is currently trading at 0.96 $.
4- 1764C.PA current resistance level is at 1.02 which is the 61.80 % fibonacci retracement of the last 0.36 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
FP/CGMD TP 09 (1764C.PA) Short term stock chart patterns for internet stock trading :
None.
FP/CGMD TP 09 (1764C.PA) Mid term stock chart patterns for internet stock trading :
None.
FP/CGMD TP 09 (1764C.PA) Long term stock chart patterns for internet stock trading :
6- The Stock traded in a bullish stock channel identifed by support at 0.880 and 0.620,resistance between 1.240 and 1.000 which was broken down at 0.960.
Stock Trading Conclusion:
FP/CGMD TP 09 (1764C.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 : 0.984, 1.018, 1.026, 1.060, 1.067, 1.100, 1.102, 1.133, 1.155, 1.240,.
Stock Support levels : 0.880, 0.782,.