Stock Technical indicators to notice in DATA MODUL (DAM.F)
1- Last bearish trend was from 15.16 $ (4/30/2012) to 14.50 $ (5/3/2012) a 0.66 $ move 2- The current bullish trend started from 14.50 $ at 5/3/2012 and is currently trading at 14.68 $.
4- DAM.F current resistance level is at 14.75 which is the 38.20 % fibonacci retracement of the last 0.66 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
DATA MODUL (DAM.F) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 14.500 .
7- The Stock formed a 1.210 $ height triangle.
DATA MODUL (DAM.F) Mid term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 13.600 and 10.610 that was broken down at 14.540 transforming into a resistance line.
DATA MODUL (DAM.F) Long term stock chart patterns for internet stock trading :
9- The Stock was supported by a support line, identified by two points: 13.600 and 10.610 that was broken down at 14.540 transforming into a resistance line.
Stock Trading Conclusion:
DATA MODUL (DAM.F) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show no favorited direction,
recommend hold or waiting for entry .
Stock Resistance Levels : 14.75, 14.83, 14.91, 15.16, 15.34, 15.57, 15.87,.
Stock Support levels : 14.66, 14.64, 14.61, 14.59, 14.57, 14.54, 14.50,.
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