Stock Technical indicators to notice in FUGRO (F3D.F)
1- Last bullish trend was from 51.40 $ (4/12/2012) to 55.08 $ (4/30/2012) a 3.68 $ move 2- The current bearish trend started from 55.08 $ at 4/30/2012 and is currently trading at 51.30 $.
4- F3D.F current resistance level is at 51.40 which is the 100.00 % fibonacci retracement of the last 3.68 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
FUGRO (F3D.F) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bullish stock channel identifed by support at 51.400 and 50.100,resistance between 55.080 and 53.750 which was broken down at 51.300.
FUGRO (F3D.F) Mid term stock chart patterns for internet stock trading :
7- The Stock formed a 14.990 $ height triangle which was broken down at 51.300, target of the pattern is 36.310.
FUGRO (F3D.F) Long term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 50.100 and 36.340 that was broken down at 54.710 transforming into a resistance line.
Stock Trading Conclusion:
FUGRO (F3D.F) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 51.40, 52.19, 52.74, 52.81, 52.89, 53.19, 53.24, 53.64, 53.67, 54.21, 54.37, 55.08, 55.13.
Stock Support levels : 50.40, 49.13,.
