Stock Technical indicators to notice in RADAAN MEDIA (RADAANMED.BO)
1- Last bearish trend was from 2.66 $ (1/27/2012) to 2.31 $ (1/30/2012) a 0.35 $ move 2- The current bullish trend started from 2.31 $ at 1/30/2012 and is currently trading at 2.55 $.
4- RADAANMED.BO current resistance level is at 2.66 which is the 100.00 % fibonacci retracement of the last 0.35 $ move.
5- According to ADX Indicator, the trend is currently bullish, 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.
RADAAN MEDIA (RADAANMED.BO) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 2.310 and 2.020, and is currently supporting at 2.407.
RADAAN MEDIA (RADAANMED.BO) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 2.310 and 1.710, and is currently supporting at 2.365.
RADAAN MEDIA (RADAANMED.BO) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 2.310 and 1.710, and is currently supporting at 2.365.
Stock Trading Conclusion:
RADAAN MEDIA (RADAANMED.BO) was trading in a bullish 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 : 2.66, 2.76, 2.88.
Stock Support levels : 2.53, 2.49, 2.49, 2.46, 2.44, 2.43, 2.41, 2.40, 2.39, 2.36, 2.31,.
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