Stock Technical indicators to notice in CHEMAPHOR INC. (Tier2) (CFR.V)
1- Last bullish trend was from 0.07 $ (4/30/2012) to 0.08 $ (5/4/2012) a 0.01 $ move 2- The current bearish trend started from 0.08 $ at 5/4/2012 and is currently trading at 0.07 $.
4- CFR.V current resistance level is at 0.07 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
CHEMAPHOR INC. (Tier2) (CFR.V) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 0.070 .
7- The Stock formed a 0.030 $ height triangle.
CHEMAPHOR INC. (Tier2) (CFR.V) Mid term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 0.070 .
9- The Stock formed a 0.030 $ height triangle.
CHEMAPHOR INC. (Tier2) (CFR.V) Long term stock chart patterns for internet stock trading :
10- The Stock formed Double Bottom Pattern at 0.070 .
11- The Stock formed a 0.030 $ height triangle.
Stock Trading Conclusion:
CHEMAPHOR INC. (Tier2) (CFR.V) was trading in a bearish wave, which is becoming stronger .
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 : 0.072, 0.074, 0.075, 0.076, 0.078, 0.080, 0.090.
Stock Support levels : 0.067,.
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