Stock Technical indicators to notice in TECHNOTRANS (TTR.DU)
1- Last bullish trend was from 7.06 $ (9/18/2008) to 7.39 $ (9/22/2008) a 0.33 $ move 2- The current bearish trend started from 7.39 $ at 9/22/2008 and is currently trading at 5.65 $.
TECHNOTRANS (TTR.DU) Short term stock chart patterns for internet stock trading :
4- The Stock traded in a bearish stock channel identifed by support at 7.060 and 8.550,resistance between 7.390 and 9.080 which was broken down at 6.650.
TECHNOTRANS (TTR.DU) Mid term stock chart patterns for internet stock trading :
5- The Stock was resisted by a resistance line, identified by two points: 9.080 and 14.100 that was broken up at 7.950 transforming into a supporting line.
TECHNOTRANS (TTR.DU) Long term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 14.100 and 14.270, and is currently resisting at 13.939.
Stock Trading Conclusion:
TECHNOTRANS (TTR.DU) was trading in a strong bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 6.06, 6.31, 6.51, 6.52, 6.73, 7.39, 13.94.
Stock Support levels : 3.15.
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