Stock Technical indicators to notice in BODEGAS BILBAINAS (11493001.BI)
1- Last bullish trend was from 9.00 $ (3/26/2007) to 9.75 $ (12/27/2007) a 0.75 $ move 2- The current bearish trend started from 9.75 $ at 12/27/2007 and is currently trading at 9.04 $.
4- 11493001.BI current resistance level is at 9.29 which is the 61.80 % fibonacci retracement of the last 0.75 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, 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.
BODEGAS BILBAINAS (11493001.BI) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 1.280 $ height triangle which was broken up at 9.500, target of the pattern is 10.780 which was broken down at 9.040 in higher than usual volume, target of the pattern is 7.760.
BODEGAS BILBAINAS (11493001.BI) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 1.280 $ height triangle which was broken up at 9.500, target of the pattern is 10.780 which was broken down at 9.040 in higher than usual volume, target of the pattern is 7.760.
BODEGAS BILBAINAS (11493001.BI) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
BODEGAS BILBAINAS (11493001.BI) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 9.17, 9.21, 9.29, 9.31, 9.38, 9.39, 9.46, 9.48, 9.57, 9.75, 10.78,.
Stock Support levels : 9.00, 8.80, 8.54, 7.76, 5.13,.
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