Stock Technical indicators to notice in GENWORTH FINANCL-A (GGK.F)
1- Last bullish trend was from 4.40 $ (4/26/2012) to 4.67 $ (5/2/2012) a 0.27 $ move 2- The current bearish trend started from 4.67 $ at 5/2/2012 and is currently trading at 4.42 $.
4- GGK.F current resistance level is at 4.50 which is the 61.80 % fibonacci retracement of the last 0.27 $ 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.
GENWORTH FINANCL-A (GGK.F) Short term stock chart patterns for internet stock trading :
6- The Stock traded in a bearish stock channel identifed by support at 4.400 and 5.530,resistance between 4.670 and 5.900 which was broken up at 4.420.
GENWORTH FINANCL-A (GGK.F) Mid term stock chart patterns for internet stock trading :
7- The Stock was resisted by a resistance line, identified by two points: 5.900 and 7.050, and is currently resisting at 4.942.
GENWORTH FINANCL-A (GGK.F) Long term stock chart patterns for internet stock trading :
8- The Stock traded in a bullish stock channel identifed by support at 5.750 and 4.380,resistance between 7.280 and 6.340 which was broken down at 6.670.
Stock Trading Conclusion:
GENWORTH FINANCL-A (GGK.F) was trading in a strong bearish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting no favorited direction,
recommend hold or waiting for entry , 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 : 4.48, 4.50, 4.52, 4.53, 4.55, 4.57, 4.57, 4.61, 4.67, 4.94, 8.87.
Stock Support levels : 4.40, 4.36, 4.33,.
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