Stock Technical indicators to notice in U.S. SILVER CORP (CYLPF.PK)
1- Last bearish trend was from 0.18 $ (10/16/2009) to 0.17 $ (10/19/2009) a 0.01 $ move 2- The current bullish trend started from 0.17 $ at 10/19/2009 and is currently trading at 0.18 $.
4- CYLPF.PK current resistance level is at 0.18 which is the 127.20 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
U.S. SILVER CORP (CYLPF.PK) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 0.180 .
7- The Stock formed a 0.020 $ height triangle.
U.S. SILVER CORP (CYLPF.PK) Mid term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 0.160 and 0.150, and is currently supporting at 0.175.
U.S. SILVER CORP (CYLPF.PK) Long term stock chart patterns for internet stock trading :
9- The Stock was supported by a support line, identified by two points: 0.160 and 0.120, and is currently supporting at 0.170.
Stock Trading Conclusion:
U.S. SILVER CORP (CYLPF.PK) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .
Stock Resistance Levels : 0.183, 0.186.
Stock Support levels : 0.178, 0.176, 0.175, 0.175, 0.174, 0.172, 0.170, 0.150,.
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