Stock Technical indicators to notice in ALFA FINANC -PN (CRIV4.SA)
1- Last bullish trend was from 3.81 $ (4/23/2012) to 4.13 $ (4/25/2012) a 0.32 $ move 2- The current bearish trend started from 4.13 $ at 4/25/2012 and is currently trading at 4.00 $.
4- CRIV4.SA current resistance level is at 4.01 which is the 38.20 % fibonacci retracement of the last 0.32 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
ALFA FINANC -PN (CRIV4.SA) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 0.630 $ height triangle.
ALFA FINANC -PN (CRIV4.SA) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 3.810 and 3.240, and is currently supporting at 3.911.
ALFA FINANC -PN (CRIV4.SA) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 3.240 and 3.130, and is currently supporting at 3.389.
Stock Trading Conclusion:
ALFA FINANC -PN (CRIV4.SA) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 4.01, 4.03, 4.05, 4.05, 4.07, 4.08, 4.13,.
Stock Support levels : 3.97, 3.93, 3.91, 3.81, 3.72, 3.61,.
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