Stock Technical indicators to notice in DONALDSON (DNZ.F)
1- Last bullish trend was from 26.08 $ (4/11/2012) to 27.07 $ (4/17/2012) a 0.99 $ move 2- The current bearish trend started from 27.07 $ at 4/17/2012 and is currently trading at 26.13 $.
4- DNZ.F current resistance level is at 26.46 which is the 61.80 % fibonacci retracement of the last 0.99 $ move.
5- According to ADX Indicator, the trend is currently strong bearish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
DONALDSON (DNZ.F) Short term stock chart patterns for internet stock trading :
6- The Stock is trading in a stock channel between 26.080 $ and 27.070 $.
DONALDSON (DNZ.F) Mid term stock chart patterns for internet stock trading :
7- The Stock was supported by a support line, identified by two points: 46.490 and 39.210 that was broken down at 58.010 transforming into a resistance line.
DONALDSON (DNZ.F) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bullish stock channel identifed by support at 33.810 and 32.350,resistance between 59.310 and 37.490 which was broken down at 55.040.
Stock Trading Conclusion:
DONALDSON (DNZ.F) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bearish direction,
recommend hedging long positions or entering short position or bearish 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 : 26.35, 26.46, 26.49, 26.58, 26.60, 26.69, 26.71, 26.84, 27.07, 27.08, 27.13, 63.17, 68.72.
Stock Support levels : 26.08, 25.81,.
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