Stock Technical indicators to notice in FLUID MUSIC (FM8.BE)
1- Last bullish trend was from 1.89 $ (3/18/2011) to 2.42 $ (3/29/2011) a 0.53 $ move 2- The current bearish trend started from 2.42 $ at 3/29/2011 and is currently trading at 1.91 $.
4- FM8.BE current resistance level is at 2.09 which is the 61.80 % fibonacci retracement of the last 0.53 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
FLUID MUSIC (FM8.BE) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bullish stock channel identifed by support at 1.890 and 1.410,resistance between 2.420 and 1.990 which was broken down at 2.060.
FLUID MUSIC (FM8.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 1.270 and 1.200, and is currently supporting at 1.608.
FLUID MUSIC (FM8.BE) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
FLUID MUSIC (FM8.BE) was trading in a strong bullish 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 : 2.03, 2.09, 2.10, 2.15, 2.16, 2.22, 2.23, 2.29, 2.42, 2.61.
Stock Support levels : 1.89, 1.75, 1.61,.
