Stock Technical indicators to notice in CASTRO MODEL (CAST.TA)
1- Last bearish trend was from 6,501.00 $ (4/18/2012) to 6,179.00 $ (4/19/2012) a 322.00 $ move 2- The current bullish trend started from 6,179.00 $ at 4/19/2012 and is currently trading at 6,500.00 $.
4- CAST.TA current resistance level is at 6,501.00 which is the 100.00 % fibonacci retracement of the last 322.00 $ 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.
CASTRO MODEL (CAST.TA) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 1,196.000 $ height triangle which was broken up at 6,499.000 in higher than usual volume, target of the pattern is 7,695.000.
CASTRO MODEL (CAST.TA) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Bottom Pattern at 5,740.000 .
CASTRO MODEL (CAST.TA) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 5,740.000 .
Stock Trading Conclusion:
CASTRO MODEL (CAST.TA) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 6,501.00, 6,588.58, 6,700.00, 7,695.00.
Stock Support levels : 6,424.24, 6,378.00, 6,377.38, 6,348.75, 6,340.00, 6,339.50, 6,302.00, 6,301.62, 6,254.99, 6,179.00, 5,728.00, 5,713.00,.
