Stock Technical indicators to notice in TSX Group Inc (X)
1- Last bullish trend was from 42.00 $ (8/26/2010) to 43.71 $ (8/27/2010) a 1.71 $ move 2- The current bearish trend started from 43.71 $ at 8/27/2010 and is currently trading at 42.49 $.
4- X current resistance level is at 42.65 which is the 61.80 % fibonacci retracement of the last 1.71 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
TSX Group Inc (X) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 43.710 and 49.590 that was broken up at 42.490 transforming into a supporting line.
TSX Group Inc (X) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bullish stock channel identifed by support at 45.100 and 43.720,resistance between 49.590 and 48.860 which was broken down at 45.630.
TSX Group Inc (X) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 43.720 and 37.620 that was broken down at 47.780 transforming into a resistance line.
Stock Trading Conclusion:
TSX Group Inc (X) was trading in a bearish wave, which is becoming stronger .
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 : 42.65, 42.78, 42.85, 42.96, 43.06, 43.10, 43.24, 43.31, 43.71, 46.61, 48.87, 51.51.
Stock Support levels : 42.03, 42.00, 41.53,.
