Stock Technical indicators to notice in RANKLIN SOLU (RANKLIN.BO)
1- Last bearish trend was from 10.10 $ (4/26/2012) to 9.12 $ (5/2/2012) a 0.98 $ move 2- The current bullish trend started from 9.12 $ at 5/2/2012 and is currently trading at 9.74 $.
4- RANKLIN.BO current resistance level is at 10.10 which is the 100.00 % fibonacci retracement of the last 0.98 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
RANKLIN SOLU (RANKLIN.BO) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 9.120 and 8.500, and is currently supporting at 9.297.
RANKLIN SOLU (RANKLIN.BO) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 9.120 and 8.500, and is currently supporting at 9.297.
RANKLIN SOLU (RANKLIN.BO) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 8.500 and 5.650 that was broken down at 9.590 transforming into a resistance line.
Stock Trading Conclusion:
RANKLIN SOLU (RANKLIN.BO) was trading in a bullish 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 : 10.10, 10.21, 10.37, 10.71.
Stock Support levels : 9.73, 9.61, 9.59, 9.50, 9.49, 9.43, 9.36, 9.35, 9.30, 9.12,.
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