Stock Technical indicators to notice in VITAL IMAGES (VI8.BE)
1- Last bullish trend was from 8.90 $ (3/17/2011) to 9.40 $ (4/1/2011) a 0.50 $ move 2- The current bearish trend started from 9.40 $ at 4/1/2011 and is currently trading at 8.93 $.
4- VI8.BE current resistance level is at 9.09 which is the 61.80 % fibonacci retracement of the last 0.50 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
VITAL IMAGES (VI8.BE) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 9.400 and 11.100, and is currently resisting at 9.036.
VITAL IMAGES (VI8.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 9.500 and 9.370 that was broken down at 9.410 transforming into a resistance line.
VITAL IMAGES (VI8.BE) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 9.500 and 9.370 that was broken down at 9.410 transforming into a resistance line.
Stock Trading Conclusion:
VITAL IMAGES (VI8.BE) was trading in a bearish wave, which is becoming stronger .
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 : 9.04, 9.04, 9.09, 9.11, 9.15, 9.16, 9.21, 9.22, 9.28, 9.40, 9.62,.
Stock Support levels : 8.90, 8.76,.
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