Stock Technical indicators to notice in AEX General Netherlands (AEX)
1- Last bullish trend was from 301.27 $ (4/23/2012) to 310.75 $ (4/27/2012) a 9.48 $ move 2- The current bearish trend started from 310.75 $ at 4/27/2012 and is currently trading at 300.07 $.
4- AEX current resistance level is at 301.27 which is the 100.00 % fibonacci retracement of the last 9.48 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
AEX General Netherlands (AEX) Short term stock chart patterns for internet stock trading :
6- The Index was resisted by a resistance line, identified by two points: 310.750 and 336.170, and is currently resisting at 304.395.
AEX General Netherlands (AEX) Mid term stock chart patterns for internet stock trading :
7- The Index traded in a bullish stock channel identifed by support at 271.610 and 263.440,resistance between 336.170 and 315.450, the stock channel is currently supported from below by 292.489 and resisted from above by 343.422.
AEX General Netherlands (AEX) Long term stock chart patterns for internet stock trading :
8- The Index traded in a bullish stock channel identifed by support at 271.610 and 263.440,resistance between 336.170 and 315.450, the stock channel is currently supported from below by 292.489 and resisted from above by 343.422.
Stock Trading Conclusion:
AEX General Netherlands (AEX) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 301.27, 302.59, 304.15, 304.39, 304.89, 305.41, 306.01, 306.67, 307.13, 308.51, 310.75,.
Stock Support levels : 298.69,.
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