Stock Technical indicators to notice in PUMA BRANDENBURG (P5J.BE)
1- Last bearish trend was from 0.65 $ (6/30/2009) to 0.63 $ (7/15/2009) a 0.02 $ move 2- The current bullish trend started from 0.63 $ at 7/15/2009 and is currently trading at 0.64 $.
4- P5J.BE current resistance level is at 0.64 which is the 61.80 % fibonacci retracement of the last 0.02 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
PUMA BRANDENBURG (P5J.BE) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 0.630 and 0.420 that was broken down at 0.640 transforming into a resistance line.
PUMA BRANDENBURG (P5J.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Top Pattern at 0.470 that failed, and formed a support .
PUMA BRANDENBURG (P5J.BE) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 0.420 .
9- The Stock formed a 0.130 $ height triangle which was broken up at 0.440, target of the pattern is 0.570.
Stock Trading Conclusion:
PUMA BRANDENBURG (P5J.BE) was trading in a strong bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 0.642, 0.650, 0.655, 0.662, 0.754.
Stock Support levels : 0.638, 0.636, 0.635, 0.635, 0.634, 0.630, 0.470, 0.420,.