Stock Technical indicators to notice in BHS TABLETOP (HUL.BE)
1- Last bullish trend was from 13.50 $ (3/28/2011) to 14.00 $ (4/4/2011) a 0.50 $ move 2- The current bearish trend started from 14.00 $ at 4/4/2011 and is currently trading at 13.50 $.
4- HUL.BE current resistance level is at 13.50 which is the 100.00 % fibonacci retracement of the last 0.50 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
BHS TABLETOP (HUL.BE) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 14.000 and 15.000, and is currently resisting at 13.643.
BHS TABLETOP (HUL.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 13.500 and 12.100 that was broken down at 13.500 transforming into a resistance line.
BHS TABLETOP (HUL.BE) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 9.000 and 8.910 that was broken down at 13.500 transforming into a resistance line.
Stock Trading Conclusion:
BHS TABLETOP (HUL.BE) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 13.62, 13.64, 13.69, 13.75, 13.81, 13.88, 14.00, 14.26, 16.11.
Stock Support levels : 13.36,.
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