Stock Technical indicators to notice in HCP (HC5.F)
1- Last bearish trend was from 31.14 $ (3/14/2012) to 28.83 $ (4/11/2012) a 2.31 $ move 2- The current bullish trend started from 28.83 $ at 4/11/2012 and is currently trading at 31.15 $.
4- HC5.F current resistance level is at 31.77 which is the 127.20 % fibonacci retracement of the last 2.31 $ move.
5- According to ADX Indicator, the trend is currently bullish, which is getting stronger.
HCP (HC5.F) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Bottom Pattern at 28.830 .
7- The Stock formed a 3.740 $ height triangle which was broken up at 30.610, target of the pattern is 34.350.
HCP (HC5.F) Mid term stock chart patterns for internet stock trading :
8- The Stock formed Double Bottom Pattern at 28.830 .
9- The Stock formed a 3.740 $ height triangle which was broken up at 30.610, target of the pattern is 34.350.
HCP (HC5.F) Long term stock chart patterns for internet stock trading :
10- The Stock was supported by a support line, identified by two points: 24.580 and 20.500 that was broken down at 32.080 transforming into a resistance line.
Stock Trading Conclusion:
HCP (HC5.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 : 31.77, 32.57, 34.35, 39.88.
Stock Support levels : 31.14, 30.60, 30.26, 30.26, 29.99, 29.99, 29.96, 29.72, 29.71, 29.38, 28.86, 28.84, 28.83,.
