Stock Technical indicators to notice in JAFCO (JAF.F)
1- Last bullish trend was from 17.29 $ (4/25/2012) to 17.90 $ (4/30/2012) a 0.61 $ move 2- The current bearish trend started from 17.90 $ at 4/30/2012 and is currently trading at 17.31 $.
4- JAF.F current resistance level is at 17.52 which is the 61.80 % fibonacci retracement of the last 0.61 $ move.
5- According to ADX Indicator, the trend is currently bearish,which is becoming weaker.
JAFCO (JAF.F) Short term stock chart patterns for internet stock trading :
6- The Stock formed Double Top Pattern at 17.900 .
7- The Stock formed a 0.680 $ height triangle which was broken down at 17.150 in higher than usual volume, target of the pattern is 16.470.
JAFCO (JAF.F) Mid term stock chart patterns for internet stock trading :
8- The Stock was supported by a support line, identified by two points: 13.120 and 12.500, and is currently supporting at 15.633.
JAFCO (JAF.F) Long term stock chart patterns for internet stock trading :
9- The Stock was supported by a support line, identified by two points: 13.120 and 12.500, and is currently supporting at 15.633.
Stock Trading Conclusion:
JAFCO (JAF.F) was trading in a bearish wave, which is becoming weaker .
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 : 17.42, 17.45, 17.52, 17.54, 17.60, 17.60, 17.67, 17.67, 17.76, 17.90, 17.95.
Stock Support levels : 17.29, 17.12, 16.91, 16.47, 15.63,.
