Stock Technical indicators to notice in HSBC TRINK and BURKH (TUB.DU)
1- Last bearish trend was from 90.00 $ (4/26/2012) to 86.50 $ (4/27/2012) a 3.50 $ move 2- The current bullish trend started from 86.50 $ at 4/27/2012 and is currently trading at 92.00 $.
4- TUB.DU current resistance level is at 92.16 which is the 161.80 % fibonacci retracement of the last 3.50 $ 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.
HSBC TRINK and BURKH (TUB.DU) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 90.000 that failed, and formed a support .
7- The Stock was supported by a support line, identified by two points: 86.500 and 85.500, and is currently supporting at 87.333.
HSBC TRINK and BURKH (TUB.DU) Mid term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 93.000 and 95.450 that was broken up at 92.000 transforming into a supporting line.
HSBC TRINK and BURKH (TUB.DU) Long term stock chart patterns for internet stock trading :
9- The Stock was resisted by a resistance line, identified by two points: 96.000 and 116.000 that was broken up at 92.000 transforming into a supporting line.
Stock Trading Conclusion:
HSBC TRINK and BURKH (TUB.DU) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish 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 : 92.16.
Stock Support levels : 91.33, 90.95, 90.70, 90.00, 89.90, 89.25, 88.66, 88.60, 88.25, 87.84, 87.33, 87.33, 86.50, 85.48,.
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