Stock Technical indicators to notice in RNO/CGMD TP 08 (4666C.PA)
1- Last bullish trend was from 1.19 $ (4/30/2012) to 1.23 $ (5/2/2012) a 0.04 $ move 2- The current bearish trend started from 1.23 $ at 5/2/2012 and is currently trading at 0.86 $.
RNO/CGMD TP 08 (4666C.PA) Short term stock chart patterns for internet stock trading :
4- The Stock was resisted by a resistance line, identified by two points: 1.230 and 1.540, and is currently resisting at 0.920.
RNO/CGMD TP 08 (4666C.PA) Mid term stock chart patterns for internet stock trading :
5- The Stock was supported by a support line, identified by two points: 1.250 and 0.350 that was broken down at 1.540 transforming into a resistance line.
RNO/CGMD TP 08 (4666C.PA) Long term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 1.540 and 1.830, and is currently resisting at 1.395.
Stock Trading Conclusion:
RNO/CGMD TP 08 (4666C.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 : 0.920, 0.947, 1.001, 1.045, 1.089, 1.230, 1.395, 2.750.
Stock Support levels :.
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