Stock Technical indicators to notice in HUHTAMAKI (HUKI.BE)
1- Last bearish trend was from 10.16 $ (2/15/2011) to 9.17 $ (3/17/2011) a 0.99 $ move 2- The current bullish trend started from 9.17 $ at 3/17/2011 and is currently trading at 9.74 $.
4- HUKI.BE current resistance level is at 9.78 which is the 61.80 % fibonacci retracement of the last 0.99 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
HUHTAMAKI (HUKI.BE) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 10.160 .
HUHTAMAKI (HUKI.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 9.170 and 8.940, and is currently supporting at 9.219.
HUHTAMAKI (HUKI.BE) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 8.670 and 7.270 that was broken down at 9.280 transforming into a resistance line.
Stock Trading Conclusion:
HUHTAMAKI (HUKI.BE) was trading in a 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 : 9.78, 9.99, 10.03, 10.08, 10.16, 10.43, 10.77, 16.56.
Stock Support levels : 9.66, 9.61, 9.55, 9.52, 9.45, 9.40, 9.39, 9.22, 9.17,.
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