Stock Technical indicators to notice in ISHARES CDN S and P/TSX CAP COMP (XIC.TO)
1- Last bearish trend was from 22.10 $ (1/22/2014) to 21.32 $ (2/3/2014) a 0.78 $ move 2- The current bullish trend started from 21.32 $ at 2/3/2014 and is currently trading at 22.52 $.
4- XIC.TO current resistance level is at 22.58 which is the 161.80 % fibonacci retracement of the last 0.78 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, 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.
ISHARES CDN S and P/TSX CAP COMP (XIC.TO) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 21.320 and 18.400, and is currently supporting at 21.683.
ISHARES CDN S and P/TSX CAP COMP (XIC.TO) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Bottom Pattern at 18.400 .
8- The Stock formed Double Top Pattern at 19.780 that failed, and formed a support .
9- The Stock formed a 1.360 $ height triangle which was broken up at 19.870 in higher than usual volume, target of the pattern is 21.230.
ISHARES CDN S and P/TSX CAP COMP (XIC.TO) Long term stock chart patterns for internet stock trading :
10- The Stock was supported by a support line, identified by two points: 17.560 and 17.150, and is currently supporting at 18.727.
Stock Trading Conclusion:
ISHARES CDN S and P/TSX CAP COMP (XIC.TO) was trading in a strong bullish wave, which is becoming stronger .
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 : 22.58.
Stock Support levels : 22.31, 22.24, 22.10, 22.06, 21.92, 21.80, 21.78, 21.71, 21.68, 21.62, 21.50, 21.32, 19.60, 18.73, 18.17,.
|ISHARES % HEDGED TO CAD DOLLARS|
|ISHARES CDN S&P/TSX CAPPED INFO|
|ISHARES CDN S&P/TSX 60 IDX F|
|ISHARES CANADA CDN SCOTIA CAPIT|