Stock Technical indicators to notice in IMMOBETELGEUSE (CIMB.PA)
1- Last bullish trend was from 9.00 $ (8/5/2011) to 9.77 $ (8/24/2011) a 0.77 $ move 2- The current bearish trend started from 9.77 $ at 8/24/2011 and is currently trading at 6.89 $.
IMMOBETELGEUSE (CIMB.PA) Short term stock chart patterns for internet stock trading :
4- The Stock was resisted by a resistance line, identified by two points: 9.770 and 9.990, and is currently resisting at 9.087.
IMMOBETELGEUSE (CIMB.PA) Mid term stock chart patterns for internet stock trading :
5- The Stock formed a 5.140 $ height triangle which was broken down at 9.000 in higher than usual volume, target of the pattern is 3.860.
IMMOBETELGEUSE (CIMB.PA) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
IMMOBETELGEUSE (CIMB.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 : 7.57, 7.99, 8.33, 8.67, 9.09, 9.77, 10.47.
Stock Support levels : 3.86.
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