Stock Technical indicators to notice in EDUCATION DEV INTL (EDY.BE)
1- Last bullish trend was from 1.33 $ (3/4/2011) to 2.17 $ (3/11/2011) a 0.84 $ move 2- The current bearish trend started from 2.17 $ at 3/11/2011 and is currently trading at 2.09 $.
4- EDY.BE current resistance level is at 2.17 which is the 0.00 % fibonacci retracement of the last 0.84 $ 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.
EDUCATION DEV INTL (EDY.BE) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 1.330 and 1.210, and is currently supporting at 1.431.
EDUCATION DEV INTL (EDY.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 1.330 and 1.210, and is currently supporting at 1.431.
EDUCATION DEV INTL (EDY.BE) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bullish stock channel identifed by support at 1.330 and 1.010,resistance between 1.550 and 1.190 which was broken up at 2.100.
Stock Trading Conclusion:
EDUCATION DEV INTL (EDY.BE) was trading in a strong 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 : 2.11, 2.12, 2.13, 2.14, 2.17,.
Stock Support levels : 1.97, 1.85, 1.75, 1.75, 1.65, 1.43, 1.33, 1.10,.
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