Stock Technical indicators to notice in TEN CATE (KTC.AS)
1- Last bullish trend was from 22.74 $ (4/23/2012) to 23.86 $ (4/25/2012) a 1.12 $ move 2- The current bearish trend started from 23.86 $ at 4/25/2012 and is currently trading at 21.82 $.
TEN CATE (KTC.AS) Short term stock chart patterns for internet stock trading :
4- The Stock was resisted by a resistance line, identified by two points: 23.860 and 25.280, and is currently resisting at 23.197.
TEN CATE (KTC.AS) Mid term stock chart patterns for internet stock trading :
5- The Stock was supported by a support line, identified by two points: 20.380 and 18.030 that was broken down at 23.750 transforming into a resistance line.
TEN CATE (KTC.AS) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
TEN CATE (KTC.AS) was trading in a strong bearish wave, which is becoming stronger .
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 : 22.30, 22.60, 22.84, 23.08, 23.20, 23.86, 29.11.
Stock Support levels :.
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