Stock Technical indicators to notice in DENDREON (DNR.F)
1- Last bearish trend was from 8.86 $ (5/3/2012) to 8.53 $ (5/4/2012) a 0.33 $ move 2- The current bullish trend started from 8.53 $ at 5/4/2012 and is currently trading at 8.85 $.
4- DNR.F current resistance level is at 8.86 which is the 100.00 % fibonacci retracement of the last 0.33 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
DENDREON (DNR.F) Short term stock chart patterns for internet stock trading :
6- The Stock was supported by a support line, identified by two points: 8.530 and 8.400, and is currently supporting at 8.563.
DENDREON (DNR.F) Mid term stock chart patterns for internet stock trading :
None.
DENDREON (DNR.F) Long term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 8.150 and 12.230 that was broken up at 7.900 transforming into a supporting line.
Stock Trading Conclusion:
DENDREON (DNR.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 : 8.86, 8.95, 9.06.
Stock Support levels : 8.77, 8.73, 8.73, 8.69, 8.69, 8.66, 8.65, 8.61, 8.56, 8.53,.