Stock Technical indicators to notice in GEHL (GE1.BE)
1- Last bearish trend was from 93.15 $ (2/7/2011) to 82.62 $ (3/21/2011) a 10.53 $ move 2- The current bullish trend started from 82.62 $ at 3/21/2011 and is currently trading at 86.46 $.
4- GE1.BE current resistance level is at 86.64 which is the 38.20 % fibonacci retracement of the last 10.53 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
GEHL (GE1.BE) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 93.150 and 96.420, and is currently resisting at 91.329.
GEHL (GE1.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 82.620 and 79.590, and is currently supporting at 82.820.
GEHL (GE1.BE) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 64.540 and 51.040 that was broken down at 94.110 transforming into a resistance line.
Stock Trading Conclusion:
GEHL (GE1.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 : 86.64, 87.89, 89.13, 91.33, 93.15, 96.01, 99.66, 127.89.
Stock Support levels : 85.55, 85.11, 84.99, 84.54, 84.09, 82.82, 82.62,.