Stock Technical indicators to notice in PIXELPLUS ADR (P6H.BE)
1- Last bullish trend was from 1.26 $ (4/8/2008) to 1.32 $ (4/9/2008) a 0.06 $ move 2- The current bearish trend started from 1.32 $ at 4/9/2008 and is currently trading at 1.26 $.
4- P6H.BE current resistance level is at 1.26 which is the 100.00 % fibonacci retracement of the last 0.06 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
PIXELPLUS ADR (P6H.BE) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 1.320 and 1.500, and is currently resisting at 1.260.
PIXELPLUS ADR (P6H.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Top Pattern at 1.500 .
PIXELPLUS ADR (P6H.BE) Long term stock chart patterns for internet stock trading :
8- The Stock formed Double Top Pattern at 1.500 .
Stock Trading Conclusion:
PIXELPLUS ADR (P6H.BE) was trading in a bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 1.26, 1.27, 1.28, 1.29, 1.30, 1.31, 1.32, 1.50,.
Stock Support levels : 1.24,.
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