Stock Technical indicators to notice in ARSEUS (RCUSA.AS)
1- Last bearish trend was from 6.50 $ (1/5/2009) to 6.20 $ (1/8/2009) a 0.30 $ move 2- The current bullish trend started from 6.20 $ at 1/8/2009 and is currently trading at 6.47 $.
4- RCUSA.AS current resistance level is at 6.50 which is the 100.00 % fibonacci retracement of the last 0.30 $ move.
5- According to ADX Indicator, the trend is currently 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.
ARSEUS (RCUSA.AS) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 6.200 and 6.100, and is currently supporting at 6.237.
ARSEUS (RCUSA.AS) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 0.740 $ height triangle which was broken up at 6.500, target of the pattern is 7.240.
ARSEUS (RCUSA.AS) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 7.300 and 8.440 that was broken up at 6.410 transforming into a supporting line.
Stock Trading Conclusion:
ARSEUS (RCUSA.AS) was trading in a bullish wave, which is becoming weaker .
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 : 6.50, 6.58, 6.69, 7.24.
Stock Support levels : 6.41, 6.39, 6.37, 6.35, 6.34, 6.31, 6.30, 6.27, 6.24, 6.20, 6.18, 6.10,.
