Stock Technical indicators to notice in FP/CGMD TP 09 (1764C.PA)
1- Last bullish trend was from 0.01 $ (12/14/2011) to 0.02 $ (1/25/2012) a 0.01 $ move 2- The current bearish trend started from 0.02 $ at 1/25/2012 and is currently trading at 0.01 $.
4- 1764C.PA current resistance level is at 0.01 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
FP/CGMD TP 09 (1764C.PA) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 0.010 and 0.040,resistance between 0.020 and 0.050, the stock channel is currently supported from below by 0.009 and resisted from above by 0.019.
FP/CGMD TP 09 (1764C.PA) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bearish stock channel identifed by support at 0.010 and 0.040,resistance between 0.020 and 0.050, the stock channel is currently supported from below by 0.009 and resisted from above by 0.019.
FP/CGMD TP 09 (1764C.PA) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bearish stock channel identifed by support at 0.010 and 0.040,resistance between 0.020 and 0.050, the stock channel is currently supported from below by 0.009 and resisted from above by 0.019.
Stock Trading Conclusion:
FP/CGMD TP 09 (1764C.PA) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 0.012, 0.014, 0.015, 0.016, 0.018, 0.020, 0.050,.
Stock Support levels : 0.007,.
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