Stock Technical indicators to notice in DHIR INDIA INVEST (33D.BE)
1- Last bullish trend was from 0.52 $ (2/21/2011) to 0.58 $ (4/5/2011) a 0.06 $ move 2- The current bearish trend started from 0.58 $ at 4/5/2011 and is currently trading at 0.55 $.
4- 33D.BE current resistance level is at 0.56 which is the 38.20 % fibonacci retracement of the last 0.06 $ 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.
DHIR INDIA INVEST (33D.BE) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 0.580 and 0.700, and is currently resisting at 0.572.
DHIR INDIA INVEST (33D.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 0.700 and 1.080 that was broken up at 0.580 transforming into a supporting line.
DHIR INDIA INVEST (33D.BE) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 0.700 and 1.080 that was broken up at 0.580 transforming into a supporting line.
Stock Trading Conclusion:
DHIR INDIA INVEST (33D.BE) was trading in a strong bearish wave, which is becoming stronger .
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 : 0.557, 0.557, 0.561, 0.565, 0.566, 0.569, 0.572, 0.580,.
Stock Support levels : 0.550, 0.543, 0.520, 0.504, 0.483, -1.656,.
