Stock Technical indicators to notice in CENTRAL SUN MINING INC (CSM.TO)
1- Last bullish trend was from 0.65 $ (3/17/2009) to 0.81 $ (3/26/2009) a 0.16 $ move 2- The current bearish trend started from 0.81 $ at 3/26/2009 and is currently trading at 0.71 $.
4- CSM.TO current resistance level is at 0.71 which is the 61.80 % fibonacci retracement of the last 0.16 $ move.
5- According to ADX Indicator, the trend is currently bearish,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.
CENTRAL SUN MINING INC (CSM.TO) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 0.650 .
CENTRAL SUN MINING INC (CSM.TO) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Bottom Pattern at 0.650 .
CENTRAL SUN MINING INC (CSM.TO) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 0.650 .
Stock Trading Conclusion:
CENTRAL SUN MINING INC (CSM.TO) was trading in a bearish wave, which is becoming weaker .
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 : 0.711, 0.720, 0.730, 0.734, 0.748, 0.749, 0.760, 0.772, 0.772, 0.810,.
Stock Support levels : 0.650, 0.606,.
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