Stock Technical indicators to notice in PLAYTECH (P2L.BE)
1- Last bullish trend was from 3.67 $ (4/4/2011) to 3.90 $ (4/6/2011) a 0.23 $ move 2- The current bearish trend started from 3.90 $ at 4/6/2011 and is currently trading at 3.69 $.
4- P2L.BE current resistance level is at 3.76 which is the 61.80 % fibonacci retracement of the last 0.23 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PLAYTECH (P2L.BE) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 3.670 and 3.590 that was broken down at 3.690 transforming into a resistance line.
PLAYTECH (P2L.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 4.280 and 4.550, and is currently resisting at 3.841.
PLAYTECH (P2L.BE) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 4.550 and 4.920, and is currently resisting at 3.773.
Stock Trading Conclusion:
PLAYTECH (P2L.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 : 3.71, 3.74, 3.76, 3.77, 3.77, 3.79, 3.80, 3.81, 3.82, 3.82, 3.84, 3.85, 3.90,.
Stock Support levels : 3.67, 3.61,.