Stock Technical indicators to notice in PANGBOURNE PROPS (P5B.BE)
1- Last bearish trend was from 2.00 $ (10/29/2010) to 1.90 $ (11/3/2010) a 0.10 $ move 2- The current bullish trend started from 1.90 $ at 11/3/2010 and is currently trading at 2.02 $.
4- P5B.BE current resistance level is at 2.03 which is the 127.20 % fibonacci retracement of the last 0.10 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,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.
PANGBOURNE PROPS (P5B.BE) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 1.900 .
PANGBOURNE PROPS (P5B.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 0.850 $ height triangle which was broken up at 1.050, target of the pattern is 1.900.
PANGBOURNE PROPS (P5B.BE) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 0.960 and 0.820, and is currently supporting at 1.143.
Stock Trading Conclusion:
PANGBOURNE PROPS (P5B.BE) was trading in a strong bullish wave, which is becoming weaker .
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 : 2.03, 2.06.
Stock Support levels : 2.00, 1.99, 1.97, 1.96, 1.96, 1.95, 1.95, 1.94, 1.92, 1.90, 1.14,.
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