Stock Technical indicators to notice in COMPUTER DIRECT TO (CMDR-L.TA)
1- Last bearish trend was from 3,499.00 $ (4/19/2012) to 3,220.00 $ (4/23/2012) a 279.00 $ move 2- The current bullish trend started from 3,220.00 $ at 4/23/2012 and is currently trading at 3,470.00 $.
4- CMDR-L.TA current resistance level is at 3,499.00 which is the 100.00 % fibonacci retracement of the last 279.00 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,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.
COMPUTER DIRECT TO (CMDR-L.TA) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 3,499.000 and 3,517.000, and is currently resisting at 3,472.000.
COMPUTER DIRECT TO (CMDR-L.TA) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 3,220.000 and 2,659.420, and is currently supporting at 3,347.405.
COMPUTER DIRECT TO (CMDR-L.TA) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 2,238.600 and 2,105.000, and is currently supporting at 2,405.256.
Stock Trading Conclusion:
COMPUTER DIRECT TO (CMDR-L.TA) was trading in a strong bullish 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 : 3,472.00, 3,499.00, 3,574.89, 3,671.42.
Stock Support levels : 3,411.00, 3,392.42, 3,374.50, 3,359.50, 3,347.40, 3,345.00, 3,326.58, 3,315.50, 3,285.84, 3,220.00, 2,647.63, 2,630.79,.
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