Stock Technical indicators to notice in SUN MICROSYSTEMS (JAVA.SW)
1- Last bullish trend was from 4.28 $ (11/13/2008) to 4.91 $ (11/14/2008) a 0.63 $ move 2- The current bearish trend started from 4.91 $ at 11/14/2008 and is currently trading at 4.15 $.
4- JAVA.SW current resistance level is at 4.28 which is the 100.00 % fibonacci retracement of the last 0.63 $ move.
5- According to ADX Indicator, the trend is currently strong bearish, 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.
6- Bullish Divergance in MACD Indicator .
SUN MICROSYSTEMS (JAVA.SW) Short term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 4.910 and 5.640, and is currently resisting at 4.493.
SUN MICROSYSTEMS (JAVA.SW) Mid term stock chart patterns for internet stock trading :
8- The Stock was resisted by a resistance line, identified by two points: 4.910 and 6.020, and is currently resisting at 4.417.
SUN MICROSYSTEMS (JAVA.SW) Long term stock chart patterns for internet stock trading :
9- The Stock was resisted by a resistance line, identified by two points: 4.910 and 6.020, and is currently resisting at 4.417.
Stock Trading Conclusion:
SUN MICROSYSTEMS (JAVA.SW) was trading in a strong bearish 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 : 4.28, 4.33, 4.42, 4.44, 4.49, 4.52, 4.53, 4.60, 4.62, 4.67, 4.76, 4.91,.
Stock Support levels : 4.11,.
