Stock Technical indicators to notice in CELESTICA SVTG (CTW.SG)
1- Last bullish trend was from 6.36 $ (4/23/2012) to 6.76 $ (4/30/2012) a 0.40 $ move 2- The current bearish trend started from 6.76 $ at 4/30/2012 and is currently trading at 6.46 $.
4- CTW.SG current resistance level is at 6.51 which is the 61.80 % fibonacci retracement of the last 0.40 $ move.
5- According to ADX Indicator, the trend is currently bearish, 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.
CELESTICA SVTG (CTW.SG) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 6.760 and 7.730, and is currently resisting at 6.626.
CELESTICA SVTG (CTW.SG) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 1.520 $ height triangle.
CELESTICA SVTG (CTW.SG) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 5.470 and 5.250, and is currently supporting at 5.826.
Stock Trading Conclusion:
CELESTICA SVTG (CTW.SG) was trading in a bearish wave, which is becoming stronger .
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 : 6.51, 6.53, 6.56, 6.57, 6.61, 6.61, 6.63, 6.65, 6.67, 6.76,.
Stock Support levels : 6.36, 6.25, 6.11,.
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