Stock Technical indicators to notice in RENTCASH INC (CSF.TO)
1- Last bearish trend was from 8.11 $ (1/20/2012) to 6.73 $ (1/30/2012) a 1.38 $ move 2- The current bullish trend started from 6.73 $ at 1/30/2012 and is currently trading at 6.88 $.
4- CSF.TO current resistance level is at 7.06 which is the 23.60 % fibonacci retracement of the last 1.38 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
RENTCASH INC (CSF.TO) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 6.730 and 5.830 that was broken down at 6.810 transforming into a resistance line.
RENTCASH INC (CSF.TO) Mid term stock chart patterns for internet stock trading :
None.
RENTCASH INC (CSF.TO) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 8.110 and 9.580, and is currently resisting at 7.776.
Stock Trading Conclusion:
RENTCASH INC (CSF.TO) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 6.92, 7.06, 7.26, 7.42, 7.58, 7.78, 8.11, 8.49, 8.96.
Stock Support levels : 6.84, 6.82, 6.81, 6.79, 6.73,.
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