Stock Technical indicators to notice in WALTER MEIER N -A- (WMN.SW)
1- Last bearish trend was from 241.10 $ (3/12/2012) to 215.70 $ (4/18/2012) a 25.40 $ move 2- The current bullish trend started from 215.70 $ at 4/18/2012 and is currently trading at 220.50 $.
4- WMN.SW current resistance level is at 221.69 which is the 23.60 % fibonacci retracement of the last 25.40 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
WALTER MEIER N -A- (WMN.SW) Short term stock chart patterns for internet stock trading :
None.
WALTER MEIER N -A- (WMN.SW) Mid term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 200.600 and 199.200, and is currently supporting at 206.667.
WALTER MEIER N -A- (WMN.SW) Long term stock chart patterns for internet stock trading :
7- The Stock formed Double Top Pattern at 241.100 .
8- The Stock formed a 52.400 $ height triangle.
Stock Trading Conclusion:
WALTER MEIER N -A- (WMN.SW) was trading in a bearish wave, which is becoming weaker .
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 : 221.69, 225.40, 228.40, 231.40, 241.10, 241.40, 248.01, 256.80.
Stock Support levels : 219.37, 218.67, 218.10, 217.53, 215.70,.
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