Stock Technical indicators to notice in VIMPEL COMM SP ADR (VIP.DU)
1- Last bearish trend was from 12.49 $ (4/20/2010) to 10.61 $ (5/10/2010) a 1.88 $ move 2- The current bullish trend started from 10.61 $ at 5/10/2010 and is currently trading at 12.26 $.
4- VIP.DU current resistance level is at 12.49 which is the 100.00 % fibonacci retracement of the last 1.88 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.
VIMPEL COMM SP ADR (VIP.DU) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 12.490 and 14.200 that was broken up at 11.400 transforming into a supporting line.
VIMPEL COMM SP ADR (VIP.DU) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 14.200 and 14.380, and is currently resisting at 13.896.
VIMPEL COMM SP ADR (VIP.DU) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 14.200 and 14.380, and is currently resisting at 13.896.
Stock Trading Conclusion:
VIMPEL COMM SP ADR (VIP.DU) was trading in a 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 : 12.49, 13.00, 13.65, 13.90,.
Stock Support levels : 11.87, 11.77, 11.63, 11.55, 11.43, 11.33, 11.24, 11.05, 10.61,.
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