Stock Technical indicators to notice in DONALDSON (DNZ.BE)
1- Last bullish trend was from 40.15 $ (3/16/2011) to 43.40 $ (4/7/2011) a 3.25 $ move 2- The current bearish trend started from 43.40 $ at 4/7/2011 and is currently trading at 42.06 $.
4- DNZ.BE current resistance level is at 42.16 which is the 38.20 % fibonacci retracement of the last 3.25 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
DONALDSON (DNZ.BE) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 40.150 and 39.420, and is currently supporting at 41.161.
DONALDSON (DNZ.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Top Pattern at 45.240 .
DONALDSON (DNZ.BE) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 39.420 and 32.650, and is currently supporting at 41.099.
Stock Trading Conclusion:
DONALDSON (DNZ.BE) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 42.16, 42.38, 42.57, 42.63, 42.73, 42.89, 43.40, 45.00.
Stock Support levels : 41.78, 41.39, 41.16, 41.10, 40.15, 39.27,.
