Stock Technical indicators to notice in Canada Bread Company Ltd (CBY)
1- Last bullish trend was from 49.60 $ (1/7/2010) to 55.09 $ (1/19/2010) a 5.49 $ move 2- The current bearish trend started from 55.09 $ at 1/19/2010 and is currently trading at 52.12 $.
4- CBY current resistance level is at 52.35 which is the 50.00 % fibonacci retracement of the last 5.49 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
Canada Bread Company Ltd (CBY) Short term stock chart patterns for internet stock trading :
None.
Canada Bread Company Ltd (CBY) Mid term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 49.600 and 36.990 that was broken down at 52.890 transforming into a resistance line.
Canada Bread Company Ltd (CBY) Long term stock chart patterns for internet stock trading :
7- The Stock formed a 9.120 $ height triangle which was broken up at 29.760, target of the pattern is 38.880.
Stock Trading Conclusion:
Canada Bread Company Ltd (CBY) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 52.35, 52.82, 52.99, 53.25, 53.60, 53.79, 53.96, 55.09, 55.25.
Stock Support levels : 51.70, 49.60, 48.11, 46.21,.