Stock Technical indicators to notice in WARNACO GRP (WARA.BE)
1- Last bearish trend was from 41.34 $ (3/10/2011) to 37.15 $ (3/21/2011) a 4.19 $ move 2- The current bullish trend started from 37.15 $ at 3/21/2011 and is currently trading at 40.39 $.
4- WARA.BE current resistance level is at 41.34 which is the 100.00 % fibonacci retracement of the last 4.19 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
WARNACO GRP (WARA.BE) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 41.340 and 41.750 that was broken up at 40.750 transforming into a supporting line.
WARNACO GRP (WARA.BE) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 7.690 $ height triangle which was broken up at 40.750, target of the pattern is 48.440.
WARNACO GRP (WARA.BE) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 7.690 $ height triangle which was broken up at 40.750, target of the pattern is 48.440.
Stock Trading Conclusion:
WARNACO GRP (WARA.BE) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 41.34, 42.48, 43.93, 48.44,.
Stock Support levels : 40.21, 40.21, 39.74, 39.63, 39.25, 39.15, 38.77, 38.75, 38.39, 38.14, 37.15,.
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