Stock Technical indicators to notice in BIJOU BRIGITTE (BIJ.DU)
1- Last bullish trend was from 69.03 $ (3/12/2012) to 74.17 $ (4/4/2012) a 5.14 $ move 2- The current bearish trend started from 74.17 $ at 4/4/2012 and is currently trading at 66.51 $.
4- BIJ.DU current resistance level is at 67.63 which is the 127.20 % fibonacci retracement of the last 5.14 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
BIJOU BRIGITTE (BIJ.DU) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 69.030 and 68.030 that was broken down at 70.510 transforming into a resistance line.
BIJOU BRIGITTE (BIJ.DU) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 14.420 $ height triangle which was broken down at 70.130, target of the pattern is 55.710.
BIJOU BRIGITTE (BIJ.DU) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 16.930 $ height triangle which was broken down at 70.740, target of the pattern is 53.810.
Stock Trading Conclusion:
BIJOU BRIGITTE (BIJ.DU) was trading in a bearish wave, which is becoming stronger .
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 : 67.63, 68.32, 69.03, 69.44, 70.34, 70.71, 70.79, 70.99, 71.24, 71.37, 71.60, 72.21, 72.96, 74.17,.
Stock Support levels : 65.85, 55.71,.
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