Today we'll analyze the Stock chtt for online market trading,
Technical indicators to notice:
1- Last bullish trend was from 65.15$ (01/25/08) to 80.50$ (02/08/08) a 15.35$ move
2- The current bearish trend started from 80.50$ at 02/08/08 and is currently trading at 69.11$.
3- The stock current support level is at 65.15 which is the 100.00% fibonacci retracement of the last 15.35$ move.
4- The stock current resistance level is at 71.01 which is the 61.80% fibonacci retracement of the last 15.35$ move.
5- According to ADX, the trend is currently bearish,which is becoming weaker.
Conclusion:
chtt is currently trading a bearish wave, which is becoming weaker .
Technical indicators and chart patterns show no favorited direction,
recommend hold or waiting for entry .
Resistance Levels: 71.01, 71.80, 72.82, 73.46, 74.64, 74.81, 76.15, 76.88, 80.50, 80.50.
Support Levels: 65.15, 60.97, 55.66,.
We Moved!!
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Shadi
Thursday, March 20, 2008
Chattem Inc. (CHTT) Technical Analysis
That's all for today ... thanks for reading the post,
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have a nice day,
Shadi
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