Stock Technical indicators to notice in ClaymorETFs FTSE RAFI Canadian (CRQ.TO)
1- Last bullish trend was from 11.33 $ (4/10/2012) to 11.83 $ (5/1/2012) a 0.50 $ move 2- The current bearish trend started from 11.83 $ at 5/1/2012 and is currently trading at 11.33 $.
4- CRQ.TO current resistance level is at 11.33 which is the 100.00 % fibonacci retracement of the last 0.50 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
ClaymorETFs FTSE RAFI Canadian (CRQ.TO) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 1.390 $ height triangle which was broken down at 11.350, target of the pattern is 9.960.
ClaymorETFs FTSE RAFI Canadian (CRQ.TO) Mid term stock chart patterns for internet stock trading :
7- The Stock is trading in a stock channel between 10.370 $ and 11.410 $.
ClaymorETFs FTSE RAFI Canadian (CRQ.TO) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 10.370 .
9- The Stock formed a 2.730 $ height triangle which was broken up at 11.030, target of the pattern is 13.760.
Stock Trading Conclusion:
ClaymorETFs FTSE RAFI Canadian (CRQ.TO) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 11.45, 11.52, 11.52, 11.58, 11.64, 11.71, 11.83, 13.76.
Stock Support levels : 11.19, 11.02, 10.52, 9.96,.
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