Stock Technical indicators to notice in OR/CGMD TP 08 (4662C.PA)
1- Last bearish trend was from 1.20 $ (3/8/2012) to 1.14 $ (3/12/2012) a 0.06 $ move 2- The current bullish trend started from 1.14 $ at 3/12/2012 and is currently trading at 1.22 $.
4- 4662C.PA current resistance level is at 1.24 which is the 161.80 % fibonacci retracement of the last 0.06 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
OR/CGMD TP 08 (4662C.PA) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 0.220 $ height triangle which was broken up at 1.200, target of the pattern is 1.420.
OR/CGMD TP 08 (4662C.PA) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 1.060 and 1.040, and is currently supporting at 1.077.
OR/CGMD TP 08 (4662C.PA) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 1.060 and 1.040, and is currently supporting at 1.077.
Stock Trading Conclusion:
OR/CGMD TP 08 (4662C.PA) was trading in a bullish 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 : 1.24, 1.42.
Stock Support levels : 1.22, 1.20, 1.20, 1.19, 1.18, 1.18, 1.17, 1.17, 1.16, 1.15, 1.14, 1.10, 1.08,.
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