Stock Technical indicators to notice in Capstone Mining Corp (CS.TO)
1- Last bullish trend was from 2.71 $ (4/24/2012) to 2.96 $ (4/27/2012) a 0.25 $ move 2- The current bearish trend started from 2.96 $ at 4/27/2012 and is currently trading at 2.63 $.
4- CS.TO current resistance level is at 2.64 which is the 127.20 % fibonacci retracement of the last 0.25 $ 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.
Capstone Mining Corp (CS.TO) Short term stock chart patterns for internet stock trading :
None.
Capstone Mining Corp (CS.TO) Mid term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 2.960 and 3.100, and is currently resisting at 2.884.
Capstone Mining Corp (CS.TO) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 2.960 and 3.100, and is currently resisting at 2.884.
Stock Trading Conclusion:
Capstone Mining Corp (CS.TO) was trading in a bearish wave, which is becoming stronger .
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 : 2.64, 2.71, 2.71, 2.76, 2.80, 2.81, 2.83, 2.84, 2.86, 2.88, 2.90, 2.96,.
Stock Support levels : 2.56.
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