Stock Technical indicators to notice in WIMM-BILL-DANN FOODS OJSC (WBD.BA)
1- Last bearish trend was from 86.50 $ (3/4/2010) to 71.45 $ (6/30/2010) a 15.05 $ move 2- The current bullish trend started from 71.45 $ at 6/30/2010 and is currently trading at 75.60 $.
4- WBD.BA current resistance level is at 77.20 which is the 38.20 % fibonacci retracement of the last 15.05 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
WIMM-BILL-DANN FOODS OJSC (WBD.BA) Short term stock chart patterns for internet stock trading :
6- The Stock formed a 178.710 $ height triangle which was broken up at 75.600 in higher than usual volume, target of the pattern is 254.310.
WIMM-BILL-DANN FOODS OJSC (WBD.BA) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 86.500 and 228.300 that was broken up at 75.600 transforming into a supporting line.
WIMM-BILL-DANN FOODS OJSC (WBD.BA) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 86.500 and 228.300 that was broken up at 75.600 transforming into a supporting line.
Stock Trading Conclusion:
WIMM-BILL-DANN FOODS OJSC (WBD.BA) was trading in a strong 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 : 77.20, 78.97, 80.75, 86.50, 90.59, 95.80, 205.50, 210.25, 254.31.
Stock Support levels : 75.00, 74.62, 74.01, 73.52, 73.04, 71.45, 70.14,.
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