Stock Technical indicators to notice in PUREPOINT URANIUM (P5X.BE)
1- Last bullish trend was from 0.17 $ (4/1/2011) to 0.18 $ (4/6/2011) a 0.01 $ move 2- The current bearish trend started from 0.18 $ at 4/6/2011 and is currently trading at 0.17 $.
4- P5X.BE current resistance level is at 0.17 which is the 100.00 % fibonacci retracement of the last 0.01 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, 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.
PUREPOINT URANIUM (P5X.BE) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 0.180 and 0.230 that was broken up at 0.170 transforming into a supporting line.
PUREPOINT URANIUM (P5X.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bearish stock channel identifed by support at 0.190 and 0.370,resistance between 0.230 and 0.450 which was broken up at 0.180.
PUREPOINT URANIUM (P5X.BE) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bearish stock channel identifed by support at 0.190 and 0.370,resistance between 0.230 and 0.450 which was broken up at 0.180.
Stock Trading Conclusion:
PUREPOINT URANIUM (P5X.BE) was trading in a strong bearish 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 : 0.172, 0.174, 0.175, 0.175, 0.176, 0.178, 0.180, 0.230.
Stock Support levels : 0.167, 0.164, 0.159, 0.114,.