Stock Technical indicators to notice in KOLTEPATIL (KOLTEPATI.BO)
1- Last bullish trend was from 39.75 $ (4/11/2012) to 41.95 $ (4/18/2012) a 2.20 $ move 2- The current bearish trend started from 41.95 $ at 4/18/2012 and is currently trading at 36.40 $.
KOLTEPATIL (KOLTEPATI.BO) Short term stock chart patterns for internet stock trading :
4- The Stock was supported by a support line, identified by two points: 39.750 and 37.800 that was broken down at 41.150 transforming into a resistance line.
KOLTEPATIL (KOLTEPATI.BO) Mid term stock chart patterns for internet stock trading :
5- The Stock was resisted by a resistance line, identified by two points: 41.950 and 44.200, and is currently resisting at 40.874.
KOLTEPATIL (KOLTEPATI.BO) Long term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 41.950 and 44.200, and is currently resisting at 40.874.
Stock Trading Conclusion:
KOLTEPATIL (KOLTEPATI.BO) 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 : 37.71, 38.52, 39.18, 39.83, 40.87, 41.95, 43.65.
Stock Support levels :.
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