Stock Technical indicators to notice in CONECO (P3L.BE)
1- Last bearish trend was from 0.06 $ (12/28/2010) to 0.01 $ (3/24/2011) a 0.05 $ move 2- The current bullish trend started from 0.01 $ at 3/24/2011 and is currently trading at 0.02 $.
4- P3L.BE current resistance level is at 0.02 which is the 23.60 % 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.
CONECO (P3L.BE) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 0.060 .
CONECO (P3L.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Top Pattern at 0.060 .
CONECO (P3L.BE) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 0.060 .
Stock Trading Conclusion:
CONECO (P3L.BE) was trading in a strong bullish wave, which is becoming stronger .
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 : 0.022, 0.029, 0.030, 0.035, 0.041, 0.060, 0.060, 0.074, 0.091.
Stock Support levels : 0.018, 0.016, 0.015, 0.014, 0.010,.