Stock Technical indicators to notice in PURE ENERGY RES (P6V.BE)
1- Last bearish trend was from 3.80 $ (2/18/2009) to 3.53 $ (3/19/2009) a 0.27 $ move 2- The current bullish trend started from 3.53 $ at 3/19/2009 and is currently trading at 3.83 $.
4- P6V.BE current resistance level is at 3.87 which is the 127.20 % fibonacci retracement of the last 0.27 $ 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.
PURE ENERGY RES (P6V.BE) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 3.530 and 2.200 that was broken down at 3.700 transforming into a resistance line.
PURE ENERGY RES (P6V.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 3.530 and 2.180 that was broken down at 3.700 transforming into a resistance line.
PURE ENERGY RES (P6V.BE) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bullish stock channel identifed by support at 2.180 and 0.680,resistance between 2.530 and 0.790 which was broken down at 3.590.
Stock Trading Conclusion:
PURE ENERGY RES (P6V.BE) was trading in a strong bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 3.87, 3.92, 3.97, 3.98, 4.90.
Stock Support levels : 3.80, 3.76, 3.72, 3.70, 3.68, 3.66, 3.64, 3.63, 3.59, 3.53,.