Stock Technical indicators to notice in CI SYS (CISY.TA)
1- Last bullish trend was from 240.00 $ (11/7/2011) to 250.00 $ (2/2/2012) a 10.00 $ move 2- The current bearish trend started from 250.00 $ at 2/2/2012 and is currently trading at 224.90 $.
CI SYS (CISY.TA) Short term stock chart patterns for internet stock trading :
4- The Stock formed a 47.600 $ height triangle which was broken down at 243.500, target of the pattern is 195.900.
CI SYS (CISY.TA) Mid term stock chart patterns for internet stock trading :
None.
CI SYS (CISY.TA) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
CI SYS (CISY.TA) was trading in a strong bearish wave, which is becoming weaker .
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 : 230.82, 234.49, 237.45, 240.41, 250.00, 375.80.
Stock Support levels : 195.90.
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