Stock Technical indicators to notice in PANTERA DRILLING TU (P4D.BE)
1- Last bearish trend was from 4.36 $ (12/8/2010) to 4.16 $ (12/10/2010) a 0.20 $ move 2- The current bullish trend started from 4.16 $ at 12/10/2010 and is currently trading at 5.88 $.
PANTERA DRILLING TU (P4D.BE) Short term stock chart patterns for internet stock trading :
4- The Stock formed a 0.390 $ height triangle which was broken up at 4.590, target of the pattern is 4.980.
PANTERA DRILLING TU (P4D.BE) Mid term stock chart patterns for internet stock trading :
5- The Stock was supported by a support line, identified by two points: 4.000 and 2.120, and is currently supporting at 4.403.
PANTERA DRILLING TU (P4D.BE) Long term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 2.590 that failed, and formed a support .
7- The Stock was resisted by a resistance line, identified by two points: 2.590 and 2.600 that was broken up at 2.890 transforming into a supporting line.
Stock Trading Conclusion:
PANTERA DRILLING TU (P4D.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 : .
Stock Support levels : 5.47, 5.22, 5.02, 4.82, 4.40, 4.25, 4.16, 2.57,.