Stock Technical indicators to notice in COTT CORPORATION COM NPV (BCB.TO)
1- Last bearish trend was from 6.78 $ (4/2/2012) to 6.42 $ (4/10/2012) a 0.36 $ move 2- The current bullish trend started from 6.42 $ at 4/10/2012 and is currently trading at 7.08 $.
COTT CORPORATION COM NPV (BCB.TO) Short term stock chart patterns for internet stock trading :
4- The Stock was supported by a support line, identified by two points: 6.420 and 6.310, and is currently supporting at 6.507.
COTT CORPORATION COM NPV (BCB.TO) Mid term stock chart patterns for internet stock trading :
5- The Stock was supported by a support line, identified by two points: 6.310 and 6.270, and is currently supporting at 6.361.
COTT CORPORATION COM NPV (BCB.TO) Long term stock chart patterns for internet stock trading :
6- The Stock formed a 1.540 $ height triangle which was broken up at 7.140, target of the pattern is 8.680.
Stock Trading Conclusion:
COTT CORPORATION COM NPV (BCB.TO) was trading in a strong bullish 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 : 8.68.
Stock Support levels : 6.93, 6.92, 6.83, 6.75, 6.67, 6.51, 6.42,.
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