Stock Technical indicators to notice in KON DSM (DSM.SW)
1- Last bullish trend was from 29.00 $ (11/12/2008) to 30.90 $ (11/14/2008) a 1.90 $ move 2- The current bearish trend started from 30.90 $ at 11/14/2008 and is currently trading at 27.95 $.
4- DSM.SW current resistance level is at 28.48 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.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
KON DSM (DSM.SW) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 29.000 and 31.500,resistance between 30.900 and 33.500, the stock channel is currently supported from below by 25.250 and resisted from above by 28.300.
KON DSM (DSM.SW) Mid term stock chart patterns for internet stock trading :
7- The Stock traded in a bearish stock channel identifed by support at 29.000 and 31.500,resistance between 30.900 and 33.500, the stock channel is currently supported from below by 25.250 and resisted from above by 28.300.
KON DSM (DSM.SW) Long term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 34.450 and 64.000 that was broken up at 31.500 transforming into a supporting line.
Stock Trading Conclusion:
KON DSM (DSM.SW) was trading in a strong bullish wave, which is becoming stronger .
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 : 28.48, 28.65, 29.00, 29.08, 29.42, 29.73, 29.77, 29.95, 30.17, 30.45, 30.90,.
Stock Support levels : 27.83,.
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