Stock Technical indicators to notice in DORSTENER MASCHINEN (DOR.DU)
1- Last bullish trend was from 0.90 $ (3/16/2012) to 0.95 $ (3/19/2012) a 0.05 $ move 2- The current bearish trend started from 0.95 $ at 3/19/2012 and is currently trading at 0.90 $.
4- DOR.DU current resistance level is at 0.90 which is the 100.00 % fibonacci retracement of the last 0.05 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
DORSTENER MASCHINEN (DOR.DU) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 0.950 and 1.150 that was broken up at 0.900 transforming into a supporting line.
DORSTENER MASCHINEN (DOR.DU) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 0.250 $ height triangle which was broken down at 0.900, target of the pattern is 0.650.
DORSTENER MASCHINEN (DOR.DU) Long term stock chart patterns for internet stock trading :
8- The Stock formed a 0.250 $ height triangle which was broken down at 0.900, target of the pattern is 0.650.
Stock Trading Conclusion:
DORSTENER MASCHINEN (DOR.DU) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading , 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 : 0.912, 0.919, 0.925, 0.931, 0.938, 0.950, 1.060,.
Stock Support levels : 0.886, 0.869, 0.650,.
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