Stock Technical indicators to notice in FERATEL MEDIA TECH (FMD.BE)
1- Last bullish trend was from 3.90 $ (11/4/2009) to 4.32 $ (11/11/2009) a 0.42 $ move 2- The current bearish trend started from 4.32 $ at 11/11/2009 and is currently trading at 3.86 $.
4- FMD.BE current resistance level is at 3.90 which is the 100.00 % fibonacci retracement of the last 0.42 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
FERATEL MEDIA TECH (FMD.BE) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 3.900 and 3.720 that was broken down at 3.860 transforming into a resistance line.
FERATEL MEDIA TECH (FMD.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 3.900 and 3.720 that was broken down at 3.860 transforming into a resistance line.
FERATEL MEDIA TECH (FMD.BE) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 0.770 $ height triangle which was broken down at 3.860, target of the pattern is 3.090.
Stock Trading Conclusion:
FERATEL MEDIA TECH (FMD.BE) was trading in a bearish wave, which is becoming stronger .
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 : 3.90, 3.96, 3.97, 4.04, 4.06, 4.09, 4.11, 4.14, 4.16, 4.22, 4.32, 4.37, 4.43.
Stock Support levels : 3.79, 3.64,.
