Stock Technical indicators to notice in DB AGRICUL SHORT ETN (ADZ)
1- Last bearish trend was from 24.60 $ (3/9/2012) to 23.40 $ (4/2/2012) a 1.20 $ move 2- The current bullish trend started from 23.40 $ at 4/2/2012 and is currently trading at 25.60 $.
DB AGRICUL SHORT ETN (ADZ) Short term stock chart patterns for internet stock trading :
4- The Stock was resisted by a resistance line, identified by two points: 24.600 and 25.270 that was broken up at 24.540 transforming into a supporting line.
DB AGRICUL SHORT ETN (ADZ) Mid term stock chart patterns for internet stock trading :
5- The Stock was resisted by a resistance line, identified by two points: 25.270 and 26.350 that was broken up at 24.700 transforming into a supporting line.
DB AGRICUL SHORT ETN (ADZ) Long term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 23.400 and 20.990, and is currently supporting at 23.841.
Stock Trading Conclusion:
DB AGRICUL SHORT ETN (ADZ) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .
Stock Resistance Levels : .
Stock Support levels : 25.08, 24.76, 24.50, 24.24, 24.00, 23.84, 23.40,.
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