Stock Technical indicators to notice in MTP/CITI WTS 09 (2008C.PA)
1- Last bullish trend was from 0.63 $ (8/23/2010) to 0.73 $ (8/25/2010) a 0.10 $ move 2- The current bearish trend started from 0.73 $ at 8/25/2010 and is currently trading at 0.61 $.
4- 2008C.PA current resistance level is at 0.63 which is the 100.00 % fibonacci retracement of the last 0.10 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
MTP/CITI WTS 09 (2008C.PA) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bullish stock channel identifed by support at 0.630 and 0.530,resistance between 0.730 and 0.660 which was broken down at 0.700.
MTP/CITI WTS 09 (2008C.PA) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 0.530 and 0.270 that was broken down at 0.630 transforming into a resistance line.
MTP/CITI WTS 09 (2008C.PA) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 0.530 and 0.270 that was broken down at 0.630 transforming into a resistance line.
Stock Trading Conclusion:
MTP/CITI WTS 09 (2008C.PA) was trading in a bullish 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 : 0.630, 0.638, 0.656, 0.668, 0.670, 0.680, 0.684, 0.692, 0.706, 0.730, 0.805, 0.939,.
Stock Support levels : 0.603,.