Stock Technical indicators to notice in IGE NORDIC (4I6.F)
1- Last bullish trend was from 1.36 $ (3/23/2011) to 1.48 $ (5/23/2011) a 0.12 $ move 2- The current bearish trend started from 1.48 $ at 5/23/2011 and is currently trading at 0.25 $.
IGE NORDIC (4I6.F) Short term stock chart patterns for internet stock trading :
4- The Stock traded in a bearish stock channel identifed by support at 1.360 and 1.570,resistance between 1.480 and 1.670 which was broken up at 0.250.
IGE NORDIC (4I6.F) Mid term stock chart patterns for internet stock trading :
5- The Stock traded in a bearish stock channel identifed by support at 1.360 and 1.570,resistance between 1.480 and 1.670 which was broken up at 0.250.
IGE NORDIC (4I6.F) Long term stock chart patterns for internet stock trading :
None.
Stock Trading Conclusion:
IGE NORDIC (4I6.F) 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 : 0.540, 0.720, 0.865, 1.010, 1.480.
Stock Support levels : -0.610,.
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