CIE MAROCAINE (Paris: CIEM.PA) (EPA:CIEM) Stock Research Trends Targets and Technical Analysis - Euronext paris stock exchange [en]

Today we will analyze the stock CIE MAROCAINE (CIEM.PA) for internet stock trading in the PA stock market,
Stock Technical indicators to notice in CIE MAROCAINE (CIEM.PA)
1- Last bullish trend was from 12.50 $ (3/3/2010) to 13.25 $ (3/4/2010) a 0.75 $ move 2- The current bearish trend started from 13.25 $ at 3/4/2010 and is currently trading at 12.81 $. 3- CIEM.PA current support level is at 12.79 which is the 61.80 % fibonacci retracement of the last 0.75 $ move.
4- CIEM.PA current resistance level is at 12.88 which is the 50.00 % fibonacci retracement of the last 0.75 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
CIE MAROCAINE (CIEM.PA) Short term stock chart patterns for internet stock trading :

6- The Stock is trading in a stock channel between 12.500 $ and 13.250 $.

CIE MAROCAINE (CIEM.PA) Mid term stock chart patterns for internet stock trading :

7- The Stock formed Double Top Pattern at 13.250 .
CIE MAROCAINE (CIEM.PA) Long term stock chart patterns for internet stock trading :

8- The Stock formed Double Top Pattern at 13.250 .

Stock Trading Conclusion:
CIE MAROCAINE (CIEM.PA) was trading in a strong bearish wave, which is becoming stronger .
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 : 12.88, 12.91, 12.96, 12.98, 13.03, 13.07, 13.08, 13.25,.
Stock Support levels : 12.79, 12.50, 12.30,.