Stock Technical indicators to notice in FJA (FJH.F)
1- Last bullish trend was from 1.36 $ (3/15/2012) to 1.44 $ (4/12/2012) a 0.08 $ move 2- The current bearish trend started from 1.44 $ at 4/12/2012 and is currently trading at 1.27 $.
FJA (FJH.F) Short term stock chart patterns for internet stock trading :
4- The Stock formed a 0.120 $ height triangle which was broken down at 1.390, target of the pattern is 1.270.
FJA (FJH.F) Mid term stock chart patterns for internet stock trading :
5- The Stock was supported by a support line, identified by two points: 1.270 and 1.240 that was broken down at 1.400 transforming into a resistance line.
FJA (FJH.F) Long term stock chart patterns for internet stock trading :
6- The Stock was resisted by a resistance line, identified by two points: 1.450 and 1.640, and is currently resisting at 1.383.
Stock Trading Conclusion:
FJA (FJH.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 : 1.31, 1.33, 1.36, 1.38, 1.38, 1.41, 1.44, 1.65.
Stock Support levels :.