Today we'll analyze the Stock CPST for online market trading,
Technical indicators to notice:
1- Last bullish trend was from 1.46$ (02/01/08) to 2.09$ (03/07/08) a 0.63$ move
2- The current bearish trend started from 2.09$ at 03/07/08 and is currently trading at 1.84$.
3- The stock current support level is at 1.77 which is the 50.00% fibonacci retracement of the last 0.63$ move.
4- The stock current resistance level is at 1.85 which is the 38.20% fibonacci retracement of the last 0.63$ move.
5- According to ADX, the trend is currently strong bullish, which is getting stronger.
Short term chart patterns :
6- The Stock was supported by a support line, identified by two points: 1.46 and 1.41, and is currently supporting at 1.635.
Mid term chart patterns :
7- The Stock was supported by a support line, identified by two points: 1.41 and 1.07, and is currently supporting at 1.665.
Long term chart patterns :
8- The Stock was supported by a support line, identified by two points: 1.41 and 1.07, and is currently supporting at 1.665.
Conclusion:
CPST was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and chart patterns show no favorited direction,
recommend hold or waiting for entry .
Resistance Levels: 1.85, 1.90, 1.94, 1.94, 1.96, 1.99, 1.99, 2.09,.
Support Levels: 1.77, 1.70, 1.66, 1.64, 1.46, 1.29, 1.07, 0.99,.
Monday, March 24, 2008
Capstone Turbine Corporation (CPST) Technical Analysis
That's all for today ... thanks for reading the post,
come back soon for more updates,
use the search to lookup for more interesting stocks you might be interested in,
feel free to leave your comments on the post, or contact me
enjoy your online market trading!!
have a nice day,
Shadi
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