Stock Technical indicators to notice in ABSOLUTE INVEST (ABSI.SW)
1- Last bearish trend was from 38.20 $ (7/15/2011) to 36.30 $ (8/10/2011) a 1.90 $ move 2- The current bullish trend started from 36.30 $ at 8/10/2011 and is currently trading at 38.25 $.
4- ABSI.SW current resistance level is at 38.72 which is the 127.20 % fibonacci retracement of the last 1.90 $ move.
5- According to ADX Indicator, the trend is currently strong bullish, which is getting stronger.
ABSOLUTE INVEST (ABSI.SW) Short term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 38.200 and 43.100 that was broken up at 38.000 transforming into a supporting line.
ABSOLUTE INVEST (ABSI.SW) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 36.300 and 29.650 that was broken down at 37.700 transforming into a resistance line.
ABSOLUTE INVEST (ABSI.SW) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bullish stock channel identifed by support at 29.650 and 23.000,resistance between 43.100 and 33.900 which was broken down at 37.800.
Stock Trading Conclusion:
ABSOLUTE INVEST (ABSI.SW) was trading in a strong bullish 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 : 38.72, 39.37, 39.93, 40.85.
Stock Support levels : 38.20, 37.79, 37.51, 37.47, 37.28, 37.25, 37.04, 37.03, 36.75, 36.30,.
