Stock Technical indicators to notice in PUDA COAL (P63.BE)
1- Last bullish trend was from 0.31 $ (7/10/2009) to 0.63 $ (7/31/2009) a 0.32 $ move 2- The current bearish trend started from 0.63 $ at 7/31/2009 and is currently trading at 0.58 $.
4- P63.BE current resistance level is at 0.63 which is the 0.00 % fibonacci retracement of the last 0.32 $ 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.
PUDA COAL (P63.BE) Short term stock chart patterns for internet stock trading :
PUDA COAL (P63.BE) Mid term stock chart patterns for internet stock trading :
PUDA COAL (P63.BE) Long term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 0.410 and 0.430 that was broken up at 0.410 transforming into a supporting line.
Stock Trading Conclusion:
PUDA COAL (P63.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 : 0.592, 0.599, 0.605, 0.611, 0.630,.
Stock Support levels : 0.554, 0.508, 0.470, 0.432, 0.378, 0.310, 0.223,.