Stock Technical indicators to notice in CENTROTHERM PV (CTN.SG)
1- Last bullish trend was from 7.30 $ (4/26/2012) to 7.77 $ (4/30/2012) a 0.47 $ move 2- The current bearish trend started from 7.77 $ at 4/30/2012 and is currently trading at 5.62 $.
CENTROTHERM PV (CTN.SG) Short term stock chart patterns for internet stock trading :
4- The Stock was supported by a support line, identified by two points: 7.300 and 6.600 that was broken down at 7.620 transforming into a resistance line.
CENTROTHERM PV (CTN.SG) Mid term stock chart patterns for internet stock trading :
5- The Stock traded in a bearish stock channel identifed by support at 6.600 and 9.520,resistance between 7.770 and 10.690, the stock channel is currently supported from below by 5.140 and resisted from above by 7.214.
CENTROTHERM PV (CTN.SG) Long term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 6.600 and 9.520,resistance between 7.770 and 10.690, the stock channel is currently supported from below by 5.140 and resisted from above by 7.214.
Stock Trading Conclusion:
CENTROTHERM PV (CTN.SG) was trading in a strong bearish 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 : 6.13, 6.44, 6.69, 6.95, 7.77, 8.35.
Stock Support levels :.
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