Today we'll analyze the Stock CYTR for online market trading,
Technical indicators to notice:
1- Last bullish trend was from 1.71$ (02/15/08) to 1.77$ (02/22/08) a 0.06$ move
2- The current bearish trend started from 1.77$ at 02/22/08 and is currently trading at 1.19$.
3- According to ADX, the trend is currently strong bearish, which is getting stronger.
Short term chart patterns :
4- The Stock was resisted by a resistance line, identified by two points: 1.77 and 1.95, and is currently resisting at 1.41.
Mid term chart patterns :
5- The Stock was resisted by a resistance line, identified by two points: 1.95 and 2.09, and is currently resisting at 1.74.
Long term chart patterns :
6- The Stock was resisted by a resistance line, identified by two points: 1.95 and 2.09, and is currently resisting at 1.74.
Conclusion:
CYTR was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and chart patterns show no favorited direction,
recommend hold or waiting for entry .
Resistance Levels: 1.33, 1.41, 1.41, 1.48, 1.55, 1.74, 1.77, 3.39.
Support Levels: .
We Moved!!
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Shadi
Monday, March 24, 2008
CytRx Corporation (CYTR) Technical Analysis
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Shadi
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