Stock Technical indicators to notice in GUDANG GARAM (GGG.BE)
1- Last bullish trend was from 3.17 $ (3/17/2011) to 3.44 $ (3/31/2011) a 0.27 $ move 2- The current bearish trend started from 3.44 $ at 3/31/2011 and is currently trading at 3.26 $.
4- GGG.BE current resistance level is at 3.27 which is the 61.80 % fibonacci retracement of the last 0.27 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
GUDANG GARAM (GGG.BE) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 3.170 and 2.900 that was broken down at 3.310 transforming into a resistance line.
GUDANG GARAM (GGG.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bullish stock channel identifed by support at 3.170 and 2.900,resistance between 3.380 and 3.090 which was broken down at 3.310.
GUDANG GARAM (GGG.BE) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 3.120 and 3.330 that was broken up at 2.840 transforming into a supporting line.
Stock Trading Conclusion:
GUDANG GARAM (GGG.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 : 3.27, 3.30, 3.31, 3.33, 3.34, 3.35, 3.37, 3.38, 3.44, 3.52,.
Stock Support levels : 3.17, 3.10, 3.00,.
