Stock Technical indicators to notice in BLUEFLY (BFY.F)
1- Last bullish trend was from 0.27 $ (3/25/2008) to 0.28 $ (3/27/2008) a 0.01 $ move 2- The current bearish trend started from 0.28 $ at 3/27/2008 and is currently trading at 0.26 $.
4- Bullish Divergance in MACD Indicator .
BLUEFLY (BFY.F) Short term stock chart patterns for internet stock trading :
5- The Stock formed Double Bottom Pattern at 0.270 that failed and formed a resistance.
6- The Stock was resisted by a resistance line, identified by two points: 0.280 and 0.290, and is currently resisting at 0.260.
BLUEFLY (BFY.F) Mid term stock chart patterns for internet stock trading :
7- The Stock formed Double Bottom Pattern at 0.270 that failed and formed a resistance.
8- The Stock formed Double Top Pattern at 0.290 .
BLUEFLY (BFY.F) Long term stock chart patterns for internet stock trading :
9- The Stock traded in a bearish stock channel identifed by support at 0.250 and 0.360,resistance between 0.330 and 0.440 which was broken up at 0.270.
Stock Trading Conclusion:
BLUEFLY (BFY.F) was trading in a bullish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading .
Stock Resistance Levels : 0.260, 0.265, 0.268, 0.270, 0.270, 0.272, 0.280, 0.290.
Stock Support levels :.
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