Stock Technical indicators to notice in GENMAB (GEN.CO)
1- Last bearish trend was from 47.34 $ (1/26/2012) to 44.20 $ (1/30/2012) a 3.14 $ move 2- The current bullish trend started from 44.20 $ at 1/30/2012 and is currently trading at 44.99 $.
4- GEN.CO current resistance level is at 45.40 which is the 38.20 % fibonacci retracement of the last 3.14 $ move.
5- According to ADX Indicator, the trend is currently strong bullish,which is becoming weaker.
GENMAB (GEN.CO) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 47.340 and 49.380 that was broken up at 45.800 transforming into a supporting line.
GENMAB (GEN.CO) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 34.800 and 23.880, and is currently supporting at 40.943.
GENMAB (GEN.CO) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 34.800 and 23.880, and is currently supporting at 40.943.
Stock Trading Conclusion:
GENMAB (GEN.CO) 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 : 45.40, 45.77, 46.14, 47.34, 48.19, 49.28.
Stock Support levels : 44.94, 44.80, 44.79, 44.69, 44.60, 44.50, 44.20, 40.94,.
