Stock Technical indicators to notice in HITACHI INFORMATION (HI5.BE)
1- Last bearish trend was from 1.58 $ (12/18/2009) to 1.53 $ (1/14/2010) a 0.05 $ move 2- The current bullish trend started from 1.53 $ at 1/14/2010 and is currently trading at 1.61 $.
4- HI5.BE current resistance level is at 1.61 which is the 161.80 % fibonacci retracement of the last 0.05 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
HITACHI INFORMATION (HI5.BE) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bullish stock channel identifed by support at 1.530 and 1.170,resistance between 1.580 and 1.240, the stock channel is currently supported from below by 1.580 and resisted from above by 1.706.
HITACHI INFORMATION (HI5.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 14.100 $ height triangle which was broken up at 0.460, target of the pattern is 14.560.
HITACHI INFORMATION (HI5.BE) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 14.500 and 15.960, and is currently resisting at 12.501.
Stock Trading Conclusion:
HITACHI INFORMATION (HI5.BE) was trading in a strong bullish wave, which is becoming stronger .
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 : 1.61, 12.50, 14.56.
Stock Support levels : 1.59, 1.59, 1.58, 1.58, 1.57, 1.56, 1.56, 1.56, 1.55, 1.54, 1.53,.
