Stock Technical indicators to notice in COMPLETEL (CPT.PA)
1- Last bullish trend was from 27.05 $ (9/7/2010) to 29.90 $ (9/16/2010) a 2.85 $ move 2- The current bearish trend started from 29.90 $ at 9/16/2010 and is currently trading at 27.77 $.
4- CPT.PA current resistance level is at 28.14 which is the 61.80 % fibonacci retracement of the last 2.85 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
COMPLETEL (CPT.PA) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 27.050 and 26.760, and is currently supporting at 27.527.
COMPLETEL (CPT.PA) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Top Pattern at 29.900 .
8- The Stock formed a 7.320 $ height triangle which was broken down at 27.540, target of the pattern is 20.220.
COMPLETEL (CPT.PA) Long term stock chart patterns for internet stock trading :
9- The Stock was supported by a support line, identified by two points: 26.760 and 22.620 that was broken down at 27.540 transforming into a resistance line.
Stock Trading Conclusion:
COMPLETEL (CPT.PA) was trading in a strong bullish 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 : 28.14, 28.27, 28.47, 28.58, 28.81, 28.83, 29.09, 29.23, 29.86, 29.90, 37.71,.
Stock Support levels : 27.53, 27.05, 26.27, 25.29,.
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