Stock Technical indicators to notice in Credit Suisse High Yield Bond Fund (DHY)
1- Last bullish trend was from 2.74 $ (6/2/2010) to 3.17 $ (8/18/2010) a 0.43 $ move 2- The current bearish trend started from 3.17 $ at 8/18/2010 and is currently trading at 3.01 $.
4- DHY current resistance level is at 3.07 which is the 23.60 % fibonacci retracement of the last 0.43 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, which is getting stronger.
Credit Suisse High Yield Bond Fund (DHY) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 2.740 and 2.540 that was broken down at 2.780 transforming into a resistance line.
Credit Suisse High Yield Bond Fund (DHY) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 2.960 and 3.060 that was broken up at 2.900 transforming into a supporting line.
Credit Suisse High Yield Bond Fund (DHY) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 2.960 and 3.060 that was broken up at 2.900 transforming into a supporting line.
Stock Trading Conclusion:
Credit Suisse High Yield Bond Fund (DHY) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 3.05, 3.07, 3.07, 3.09, 3.11, 3.17, 4.32.
Stock Support levels : 3.01, 2.95, 2.90, 2.77, 2.74, 2.62,.