Stock Technical indicators to notice in 3RD CDN GEN IT COM NPV (THD.TO)
1- Last bullish trend was from 40.02 $ (9/9/2011) to 42.60 $ (9/16/2011) a 2.58 $ move 2- The current bearish trend started from 42.60 $ at 9/16/2011 and is currently trading at 41.01 $.
4- THD.TO current resistance level is at 41.31 which is the 50.00 % fibonacci retracement of the last 2.58 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
3RD CDN GEN IT COM NPV (THD.TO) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 40.020 and 39.680, and is currently supporting at 40.506.
3RD CDN GEN IT COM NPV (THD.TO) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 12.990 $ height triangle which was broken down at 39.680, target of the pattern is 26.690.
3RD CDN GEN IT COM NPV (THD.TO) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 38.110 and 29.940 that was broken down at 39.680 transforming into a resistance line.
Stock Trading Conclusion:
3RD CDN GEN IT COM NPV (THD.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 : 41.31, 41.39, 41.61, 41.62, 41.81, 41.99, 41.99, 42.60, 58.02,.
Stock Support levels : 41.01, 40.51, 40.02, 39.32, 38.43,.
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