Stock Technical indicators to notice in UNITRIN (UI2.BE)
1- Last bullish trend was from 20.47 $ (3/18/2011) to 21.90 $ (4/5/2011) a 1.43 $ move 2- The current bearish trend started from 21.90 $ at 4/5/2011 and is currently trading at 20.79 $.
4- UI2.BE current resistance level is at 21.02 which is the 61.80 % fibonacci retracement of the last 1.43 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
UNITRIN (UI2.BE) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 20.470 and 19.760 that was broken down at 20.790 transforming into a resistance line.
UNITRIN (UI2.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 19.760 and 16.870 that was broken down at 20.790 transforming into a resistance line.
UNITRIN (UI2.BE) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 21.180 and 22.980 that was broken up at 17.450 transforming into a supporting line.
Stock Trading Conclusion:
UNITRIN (UI2.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 : 21.02, 21.05, 21.10, 21.18, 21.21, 21.23, 21.35, 21.35, 21.48, 21.56, 21.90,.
Stock Support levels : 20.47, 20.08, 19.59,.
