Stock Technical indicators to notice in MERRILL CAT STRIDES (STF)
1- Last bullish trend was from 18.03 $ (9/21/2009) to 18.64 $ (9/22/2009) a 0.61 $ move 2- The current bearish trend started from 18.64 $ at 9/22/2009 and is currently trading at 17.85 $.
4- STF current resistance level is at 17.86 which is the 127.20 % fibonacci retracement of the last 0.61 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
MERRILL CAT STRIDES (STF) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 18.640 .
7- The Stock formed a 3.940 $ height triangle which was broken down at 17.850 in higher than usual volume, target of the pattern is 13.910.
MERRILL CAT STRIDES (STF) Mid term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 16.090 that failed, and formed a support .
MERRILL CAT STRIDES (STF) Long term stock chart patterns for internet stock trading :
9- The Stock was resisted by a resistance line, identified by two points: 13.730 and 13.890 that was broken up at 13.610 transforming into a supporting line.
Stock Trading Conclusion:
MERRILL CAT STRIDES (STF) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 17.86, 18.03, 18.04, 18.15, 18.24, 18.26, 18.33, 18.34, 18.41, 18.50, 18.58, 18.63, 18.64,.
Stock Support levels : 17.65, 16.20, 16.15, 13.91,.
