Stock Technical indicators to notice in MTP/CGMD TP 08 (4968C.PA)
1- Last bearish trend was from 5.48 $ (4/23/2012) to 3.73 $ (4/27/2012) a 1.75 $ move 2- The current bullish trend started from 3.73 $ at 4/27/2012 and is currently trading at 4.54 $.
4- 4968C.PA current resistance level is at 4.61 which is the 50.00 % fibonacci retracement of the last 1.75 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
MTP/CGMD TP 08 (4968C.PA) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 3.730 and 3.480, and is currently supporting at 3.855.
MTP/CGMD TP 08 (4968C.PA) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 3.730 and 3.480, and is currently supporting at 3.855.
MTP/CGMD TP 08 (4968C.PA) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 3.730 and 3.480, and is currently supporting at 3.855.
Stock Trading Conclusion:
MTP/CGMD TP 08 (4968C.PA) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 4.61, 4.81, 5.48, 5.96, 6.56.
Stock Support levels : 4.40, 4.35, 4.23, 4.14, 4.14, 4.04, 3.86, 3.73, 0.03,.
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